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WAEC Commerce 2022 Question 43

Question 43

Law of Agency

An agency agreement in which the principal approves the action of his authorized representative is agency by

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

Answer: A (ratification)

Explanation

Agency by ratification arises when a principal later approves an act done on his behalf.