What Does The Ratification Of An Agency Relationship Include

Question: Principal

Answer: In an agency relationship, the person from whom an agent is acting

Question: Agent

Answer: In an agency relationship, the person who is acting on behalf of a principal

Question: Fiduciary relationship

Answer: The trustee must act in the best interests of the beneficiary

Question: Equal dignities rule

Answer: If an agent is empowered to enter into a contract that must be in writing, then the appointment of the agent must also be written

Question: Gratuitous agent

Answer: Someone not paid for performing duties

Donation Page

Support Our Work

Do you appreciate the value this website provides? If so, please consider donating to help keep it running. Your donation will go a long way in helping us continue to provide the same quality of content and services. Every bit helps, and your support is greatly appreciated. Thank you for your generosity.