JAMB Commerce 2006 Question 37

Question 37

Law of Contract

When one person approves an act previously done by another in the former's name without authority, this is known as

  1. A.ratification
  2. B.estoppel
  3. C.illegality
  4. D.misrepresentation.
Show the answer and explanation

Answer: A (ratification)

Explanation

Ratification is when a principal later accepts an act done for him without his authority, making it as if he had authorised it.