Which of the following is true about ratification?
A) It releases the principal from liability to the third person.
B) It gives the agent the same right to compensation that he or she would have had if there had been prior authorization.
C) It requires the principal to have full understanding of the legal significance of all material facts.
D) It is inferred by a court from the fact that the agent accepted the benefits of an unauthorized contract.

Question

Quizplus · Accepted Answer

Ratification releases the agent from liability to both the principal and the third person for having exceeded his or her authority. It also gives the agent the same right to compensation that he or she would have had if there had been prior authorization.

Which of the Following Is True About Ratification