Law · Law of Agency
Arrange the following events in the correct chronological sequence illustrating the establishment of an agency relationship by ratification and its legal effect: A. The principal becomes legally bound to the third party for the contractual obligations. B. An agent acts on behalf of a principal without possessing prior actual authority. C. The valid ratification retroactively grants authority to the agent for the actions taken. D. The principal ratifies the agent's unauthorized actions after evaluating them. Choose the correct sequence:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, D, C, A✓
- 2A, B, D, C
- 3D, B, A, C
- 4B, C, D, A
Correct answer
B, D, C, A
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