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

Assignment Help:

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.


Related Discussions:- Ratification - law of agency and partnership

Drawee - negotiable instruments, Drawee - Negotiable Instruments There...

Drawee - Negotiable Instruments There following points concerning to the drawee should be noted. Through S.4(2) (a) provides that: like; (i) The drawee is dead or might bankr

Void contracts, Void Contracts - Law of Contract However these are con...

Void Contracts - Law of Contract However these are contracts which the law treats as non-existent.  Thus as a general rule illegal contract is only void although not certain r

State the definition of equilibrium, State the Definition of equilibrium ...

State the Definition of equilibrium The approach of equilibrium refinements aims at strengthening the definition of equilibrium itself in order to purge others out as possible

Types and classification of law, Types and Classification of Law: Rule...

Types and Classification of Law: Rules of law may be classified as like;: For Written For National and International For Public and Private For Substantive

Show key considerations in defining phoenix activity, Q. Show Key considera...

Q. Show Key considerations in defining phoenix activity? In determining an appropriate definition of phoenix activity, there are a range of considerations that must be accounte

What is recessionary bias, What is Recessionary Bias To illustrate the ...

What is Recessionary Bias To illustrate the possibility of recessionary bias we assume that both countries have two policy objectives but only one policy instrument. The policy

Express and implied terms of contract, Express and Implied terms of contrac...

Express and Implied terms of contract Express terms However the terms of a contract are said to like "express terms" whether the parties themselves adverted to them on

Legal justification - constructive notice, Legal justification - Constructi...

Legal justification - Constructive notice: The legal justification for this rule is that since the company's public documents in its file at the Companies Registry are availab

Define the term - authoritative government decision, Define the term - auth...

Define the term - authoritative government decision We can sum up by way of saying that the intent to implement a policy is not the same thing as a real policy. Failure to impl

Who are the stakeholders, Jordan is the director a big engineering Company....

Jordan is the director a big engineering Company. Tyson is the Chief Engineer of the company. He is working on the company's new project, namely the construction of a new building

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd