For a ratification to be effective,the principal must:
A) have knowledge of all material facts concerning the transaction.
B) communicate her intent to ratify to the third party.
C) renegotiate the contract with the third party.
D) All of these are correct.

Question

Quizplus · Accepted Answer

For a ratification to be effective, the principal must have knowledge of all material facts concerning the transaction to make an informed decision about ratifying the agent's actions.

For a Ratification to Be Effective,the Principal Must