For a ratification to be effective,the principal:
A)must have knowledge of all material facts concerning the transaction.
B)must communicate her intent to ratify to the third party.
C)must have been in existence when the act was done.
D)Both (a) and (c) are correct.

Question

Quizplus · Accepted Answer

For a ratification to be effective, the principal must have knowledge of all material facts concerning the transaction, as well as have been in existence when the act was done. Additionally, the principal must communicate her intent to ratify to the third party. Therefore, both (a) and (c) are correct.

For a Ratification to Be Effective,the Principal