Agent’s authority to bind principal
Bar Exam · Flashcards · Recall
BAR EXAM · FLASHCARDS
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QUESTION
When does an agent have apparent authority?
QUESTION
What is implied actual authority?
QUESTION
What is ratification?
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ANSWER
A principal's affirmance of a prior act done by another on its behalf, made with knowledge of the material facts. Ratification may be express or implied, such as by knowingly accepting the benefits of the transaction.
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