Examlex
If a minor ratifies a contract while still being a minor, ________.
Agency Relationship
A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business dealings.
Agent
A person who agrees to represent or act for another, called the principal.
Licensed Professional
An individual who has been officially authorized to perform certain specialized services or activities due to meeting specific governmental or professional standards.
Unlicensed Agent
An individual acting in a role that requires licensure, such as real estate or insurance, without possessing the necessary legal authorization.
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