Ratification - law of agency and partnership, Business Law and Ethics

Ratification - Law of Agency and Partnership

However this is the adoption or confirmation through a person of a contract previously entered in through another. 

Well "Ratification" is the legal term such denotes the agency that arises whether a person adopts a transaction that someone had concluded to him as his agent although without his express authority.  Thus the person who such adopts the transaction becomes there a principal as whether he had initially authorised it like i.e. the ratification is said to be such retrospective P: like; Bolton Partners v. Lambert.

Posted Date: 1/22/2013 5:05:15 AM | Location : United States







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