Ratification means the subsequent adoption and acceptance of an act originally done without instruction or authority. Soon after ratification, the person who has done the activity becomes agent and that person who has given ratification becomes principal. Example: Anshul buys Read More …
Category: B.Com Notes
MODES OF CREATION OF AGENCY
Who is an agent and a principle (Sec. 182) An “agent” is a person employed to do any act for another, or to represent another in dealing with third persons. The person for whom such act is done, or who Read More …