Examlex
Discuss the importance of the Gault case.
Principal
In finance, the principal is the initial amount of a loan or the amount of an investment excluding any interest or profit earned.
Agency by Ratification
An arrangement where a principal formally approves an act performed by someone who did not have the authority to act as their agent at the time of the act.
Ratification Requirements
Key provisions that must be met for an agreement or treaty to be officially approved and adopted by the involved parties.
Ratification to Be Effective
The process through which formal validation or approval is given, making an agreement officially valid.
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