Ratification:
A)can only occur after the third person withdraws from the transaction and gives notice of such withdrawal.
B)cannot be effective against a corporation.
C)is equivalent to prior authority.
D)Both (a) and (b) are correct.

Question

Quizplus · Accepted Answer

Ratification is equivalent to prior authority because it retroactively authorizes an act that was initially unauthorized, making it as if the authority was given beforehand.