Asked by Mike Tyson Bing Bong on May 23, 2024
Verified
To effect a ratification, the principal must manifest an intent to do so with knowledge of all material facts concerning the transaction.
Ratification Manifest
The overt expression or demonstration of approval or confirmation of an act or agreement, often legally required for ratification.
Material Facts
Information that could influence the decision-making process of a person or entity, considered significant in the context of legal and financial transactions.
- Identify the fundamentals of ratification and its necessary stipulations.
Verified Answer
AB
Amara BarksMay 27, 2024
Final Answer :
True
Explanation :
Ratification requires that the principal affirmatively indicates an intention to be bound by the act, with full knowledge of all the material facts related to the transaction.
Learning Objectives
- Identify the fundamentals of ratification and its necessary stipulations.
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