Which of the following is true regarding the requirements of ratification?
A)An agent's illegal contract cannot be made binding by the principal's subsequent ratification.
B)An agent should disclose the principal's identity when entering into a contract with a third party.
C)A principal without legal capacity can ratify the unauthorized acts of the agent.
D)An agent's beneficial acts can be ratified by the principal while the detrimental ones can be rejected.

Question

Quizplus · Accepted Answer

A ratified act must be one that was valid at the time it was performed.For example,an agent's illegal contract cannot be made binding by the principal's subsequent ratification.However,a contract that was voidable when made due to the principal's incapacity may be ratified by a principal who has later attained or regained capacity.

Which of the Following Is True Regarding the Requirements of Ratification