Ratification – NBC Institute

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

Question

Any act or statement which clearly shows the intention of the principal to adopt the action taken on his behalf by the agent is known as:

A. Ratification
B. Estoppel
C. Revocation
D. Consideration
E. Novation

Answer

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Tags: Agency, Principal-Agent Relationship, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

Question

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

Answer

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Tags: Agency Law, Authority, Contract Law, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

Question

Briefly explain how a company acquires interests in pre-incorporation contracts, and the legal position of a person purporting to act on behalf of the company with respect to those contracts. (10 marks)

Answer

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Tags: Company Formation, Legal Position, Pre-incorporation, Ratification
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

Question

Adzoe acting for and on behalf of Maclean, was authorized to purchase corn worth Two Thousand Ghana Cedis (GH¢2,000) for Makafui. Adzoe bought the corn in Makafui’s name at Two Thousand Five Hundred Ghana Cedis (GH¢2,500), which was clearly beyond his authority. Maclean was to ratify. Makafui then failed to take delivery of the corn.

Required:
i) Explain whether Maclean would be justified in ratifying the transaction entered by Adzoe and Makafui. (6 marks)

ii) Explain the concept of “Agency of necessity”. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Agency of Necessity, Authority, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2021

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

Question

Any act or statement which clearly shows the intention of the principal to adopt the action taken on his behalf by the agent is known as:

A. Ratification
B. Estoppel
C. Revocation
D. Consideration
E. Novation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Principal-Agent Relationship, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2013

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

Question

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency Law, Authority, Contract Law, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Formation, Legal Position, Pre-incorporation, Ratification
Level: Level 1

Topic: Contract Law
Series: MAY 2016

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

Question

Required:
i) Explain whether Maclean would be justified in ratifying the transaction entered by Adzoe and Makafui. (6 marks)

ii) Explain the concept of “Agency of necessity”. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Agency, Agency of Necessity, Authority, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2021

Question Tag: Ratification

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BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

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BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

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BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

You're reporting an error for "BL – May 2017 – L1 – SA – Q12 – Agency Law"

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

You're reporting an error for "BCL – May 2016 – L1 – Q5d – Company Law"

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

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BL – May 2013 – L1 – SA – Q8 – Agency Law

This question tests the understanding of the concept of ratification by a principal in an agency relationship.

You're reporting an error for "BL – May 2013 – L1 – SA – Q8 – Agency Law"

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

You're reporting an error for "BL – May 2017 – L1 – SA – Q12 – Agency Law"

BCL – May 2016 – L1 – Q5d – Company Law

Explain how a company acquires interests in pre-incorporation contracts and the legal position of persons acting on behalf of the company.

You're reporting an error for "BCL – May 2016 – L1 – Q5d – Company Law"

BCL – May 2021 – L1 – Q2b – Agency

Explanation of ratification in agency and the concept of agency of necessity.

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