Ratification requires full knowledge of the transaction.

Name: Ratification requires full knowledge of the transaction.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Ratification means that a person approves and accepts a transaction that was initially made on their behalf without their authority. However, for ratification to be valid, the person must have full knowledge of the transaction. Without this knowledge, they cannot effectively approve or accept the transaction. Therefore, ratification requires full knowledge of the transaction.

Ratification Requires Full Knowledge of the Transaction