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If a Principal Ratifies a Contract Without Knowing All of the Facts,the

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If a principal ratifies a contract without knowing all of the facts,the principal can rescind the contract.


Definitions:

Strengths and Weaknesses

An assessment framework used to evaluate the positive aspects and limitations of a concept, approach, or entity.

Political and Economic System

The organized set of principles and structures that dictate how a society is governed and how its economic activities are conducted.

Equality

The state of being equal, especially in status, rights, and opportunities.

Theoretical Approach

is a systematic way of considering events, behaviors, or situations, often based in theory and used to explain or predict outcomes.

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