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:

Representation Heuristic

A cognitive shortcut that involves making a decision based on how much something resembles a typical case.

Error

A mistake or inaccuracy in action, calculation, opinion, or judgment caused by poor reasoning or misunderstanding.

Judgment

The ability to make considered decisions or come to sensible conclusions.