For a ratification to be effective, the principal:
A) must have knowledge of all material facts concerning the transaction.
B) must communicate her intent to ratify to the third party.
C) must have been in existence when the act was done.
D) M ust have knowledge of all material facts concerning the transaction and must have been in existence when the act was done.

Question

For a ratification to be effective, the principal:
A) must have knowledge of all material facts concerning the transaction.
B) must communicate her intent to ratify to the third party.
C) must have been in existence when the act was done.
D) M ust have knowledge of all material facts concerning the transaction and  must have been in existence when the act was done.

Quizplus · Accepted Answer

For ratification to be effective, the principal must have knowledge of all material facts concerning the transaction and must have been in existence when the act was done.

For a Ratification to Be Effective, the Principal