Asked by Jason Vowels on Jul 14, 2024
Verified
The principal's ratification of a contract can be implied from his conduct,even if the principal says nothing to ratify.
Ratification
The act of formally approving an agreement or action, often after the fact, to make it officially valid.
Principal
The most important or significant entity in a given situation, or the original sum of money in a loan or investment before interest.
Implied
Suggested or understood without being directly expressed.
- Recognize the conditions under which a principal’s ratification of a contract can be implied from conduct.
Verified Answer
JB
joana bonillaJul 15, 2024
Final Answer :
True
Explanation :
Implied ratification arises when the principal's conduct justifies a reasonable assumption that he consents to the agent's act.
Learning Objectives
- Recognize the conditions under which a principal’s ratification of a contract can be implied from conduct.