Asked by Anthony Vasquez on Jul 14, 2024
Verified
Implied ratification arises when:
A) the principal's conduct justifies a reasonable assumption that he consents to the agent's act.
B) the principal manifests assent that his legal relations be affected.
C) the third party withdraws from the contract before the principal manifests assent.
D) the principal binds himself to an unauthorized or illegal act done by an agent.
Implied Ratification
The act of accepting or endorsing a previously unauthorized action or agreement through behavior that implies approval, rather than through explicit consent.
Agent's Act
Refers to actions taken by an agent on behalf of a principal, where the agent has the authority to affect the principal's legal position.
Principal's Conduct
Actions or behaviors of a principal (party who has authorized an agent to act on their behalf) that can affect the principal's legal rights and liabilities.
- Understand the concepts of express and implied ratification in agency law.
Verified Answer
Learning Objectives
- Understand the concepts of express and implied ratification in agency law.
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