Ratification and adoption of contracts have the same effect;they are both retroactive and both release the purported agent.

Question

Quizplus · Accepted Answer

Ratification and adoption of contracts do not have the same effect; ratification is a principal's approval of an act of its agent where the agent acted without authority, and it retroactively binds the principal to the agent's actions. Adoption of a contract, however, typically refers to agreeing to be bound by the terms of a contract not initially part of, without the retroactive aspect of ratification.

Ratification and Adoption of Contracts Have the Same Effect;they Are