Multiple choice

The following are the requisites of a valid ratification of a contract of agency

  1. the whole transaction can be ratified

  2. ratification must be communicated to the party who is sought to be bound by the act done by the agent

  3. ratification can be of the acts which the principal had the power to do

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

For ratification of agency to be valid, the entire transaction must be ratified, ratification must be communicated to the bound party, and ratification can only be for acts the principal had power to perform. All three requirements must be satisfied together.

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