Ratification:
A) can only occur after the third person withdraws from the transaction and gives notice of such withdrawal.
B) can be effected by a disclosed or an undisclosed principal according to the Second Restatement.
C) relieves the agent of any liability she may have to the third party by reason of her having induced the third party to enter the contract without the principal's authority.
D) may be made by a principal that was not in existence at the time the contract was made.

Question

Quizplus · Accepted Answer

The Answer of Ratification:
A) can only occur after the third person withdraws from the transaction and gives notice of such withdrawal.
B) can be effected by a disclosed or an undisclosed principal according to the Second Restatement.
C) relieves the agent of any liability she may have to the third party by reason of her having induced the third party to enter the contract without the principal's authority.
D) may be made by a principal that was not in existence at the time the contract was made.