To Ratify an Act Is To

question 2

Multiple Choice

To ratify an act is to:

• A)approve or authorise the act retrospectively
• B)denounce the act in strong terms.
• C)authorise the act in advance either verbally, in writing, or by course of dealings.
• D)give express or actual authority for the performance of the act prospectively.

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Definitions:

Agency Relationship

A legal and fiduciary relationship where one party, the agent, acts on behalf of another, the principal, in business transactions.

Agent's Negligence

A failure by an agent to exercise the care, diligence, and skill that a reasonably prudent person would exercise in similar circumstances.

Principal

Principal refers to the original sum of money loaned or invested, before interest, or the main party to a transaction or agreement.

Damages

A sum of money awarded in compensation for loss or injury caused by the wrongful act of another party.