Business Studies, asked by mastanip9824, 1 year ago

What is meant by agency by ratification ? Explain the relevant rules?

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Answered by Anonymous

Answer:

Agency by Ratification. A situation in which a person or company inaccurately claims to be an agent for another person or company and conducts some act in that capacity, but which the principal (who is not actually a principal) later accepts and recognizes.

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