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"A Principal Can Ratify an Agent's Contract That Was Done

question 137

Essay

"A principal can ratify an agent's contract that was done without authority as long as the agent makes it clear that they are entering into the contract 'subject the principal's ratification.'" Discuss the accuracy of that statement.

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Definitions:

Physical Harm

Injury or damage caused to a person's body.

Loss Of Investment

The decrease in the value of an investment below its initial purchase price.

Subjective Probability

An individual's personal judgment or belief about how likely an event is to occur, not based on statistical data.

Pre-Registered Attendees

Refers to individuals who have signed up to attend an event or conference before the actual date, ensuring their participation and sometimes benefiting from early registration advantages.

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