This is the adoption or affirmation by the “principal” of a contract previously entered into by
another person purpoting to act on his behalf.
Ratification creates agency after the “agent” has acted. The relationship arises when the
“principal” adopts or affirms the acts of the “agent.” The principal's authority is backdated to the
date of the transaction. By ratifying the transaction, the relationship between the principal and
agent is created.
maurice.mutuku answered the question on April 27, 2018 at 06:57
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