Question: An agency by ratification is made when a third party reasonably believes that the agent is acting on behalf of the principal and that the

An agency by ratification is made when a third party reasonably believes that the "agent" is acting on behalf of the principal and that the principal accepts the acts of the agent. Additionally, the principal must know all the material facts regarding the contract and the principal must:

q,

be present when the terms of the contract are formalized in writing

ratify at least part of the agent's act

ratify the entirety of the agent's act

announce to the third party that the agency relationship exists

An agency by ratification is made when a third party reasonably

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