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What is ratification in relation to law of agency?

In: Business Law, Contract Law [Edit categories]

Answer:

It can mean a few things but the clearest example is where someone says they're your agent but isn't does something that he or she had no authority to do, and the person they did it with claims something from you. If you accept the action even without though there was no authority, you are said to "ratify" the agency and bind yourself to the action.

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First answer by Messdad. Last edit by Messdad. Contributor trust: 17 [recommend contributor ]. Question popularity: 1 [recommend question].

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