Agency
The doctrine of 'ratification' in Arizona agency law allows a principal to:
ARevoke an agent's authority after-the-fact
BRetroactively approve an agent's unauthorized act, making it binding as if it had been authorized from the beginning✓ Correct
CValidate a contract signed under duress
DCreate agency without the agent's consent
Explanation
Ratification allows a principal to retroactively approve an agent's unauthorized act. The principal must ratify with full knowledge of the facts and cannot ratify only part of an unauthorized transaction.
Related Arizona Agency Questions
- In Arizona, an agent representing a buyer in a transaction where the buyer's brokerage also holds the listing (in-house sale) MUST:
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