Exam term

Ratification

Adopting, with knowledge of the material facts, something one could otherwise reject, such as a voidable contract or an agent's unauthorized act. An illegal, void bargain cannot be ratified.

Lessons that use this term

How an agency is created: express, implied, ratification, and estoppel California
Void, voidable, and unenforceable contracts and the statute of frauds California
Creating agency, how compensation is set, and antitrust New York
Contract status: executed and executory, valid, void, voidable, and unenforceable Texas
Creation and termination of agency Texas