Ratification by a Principal of an Unauthorised Act by an Agent

question 32

True/False

Ratification by a principal of an unauthorised act by an agent can bind the third party retrospectively.

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Definitions:

Followers

Individuals who align themselves with a leader or group, often supporting and being influenced by the leader's actions and decisions.

Powerful

Having great influence, authority, or force over others or situations.

Leaders

Individuals who guide, influence, or direct others within an organization or group to achieve collective goals.

Followers

Individuals who support and are guided by a leader, often contributing to the leaders' vision and goals through their cooperation and efforts.