A principal can ratify an agent's unauthorized contract even if the third party withdrew from the contract prior to ratification.

Question

Quizplus · Accepted Answer

Certain events occurring after an agent's contract but before the principal's ratification may cut off the principal's power to ratify.These include (1)the third party's withdrawal from the contract; (2)the third party's death or loss of capacity; (3)the principal's failure to ratify within a reasonable time;and (4)where it would be inequitable to bind the third party.

A Principal Can Ratify an Agent's Unauthorized Contract Even If