Frank Hannigan sees a grand piano that his musician friend Scott Kristoff had been looking for in an antique store. Frank enters into a contract to purchase the grand piano from the antique seller and signs the contract, "Frank Hannigan, agent for Scott Kristoff." But because Frank is not Scott's agent, Scott is not bound by the contract. If Scott decides to accept the contract, what kind of agency would be created?

Question

Quizplus · Accepted Answer

If Scott decides to accept the contract, it would create an agency by ratification. This is because Scott did not originally authorize Frank to act as his agent, but he is now ratifying (or accepting) the contract that Frank entered into on his behalf.

Frank Hannigan Sees a Grand Piano That His Musician Friend