Social Studies
Social Studies, 25.07.2020 04:01, ckenyewildon

In agency law, ratification occurs when: a. a principal, by word or by action, affirms a contract made by a person who is in fact not an agent.
b. there is no agency relationship, but the words or actions of the principal lead a third party to assume that an agency exists.
c. the obligation of an agent who acted outside the scope of his or her authority is rejected.
d. fiduciary obligations are owed by an agent to a principal.

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