Start learning →

Under Section 199, ratification must be of:

AOnly the beneficial part of the transaction
BThe whole transaction; a part cannot be ratified and the rest rejected
CThe agent's choosing
DFuture transactions only
Answer & Solution
Correct answer: B. The whole transaction; a part cannot be ratified and the rest rejected
Section 199 requires ratification of the entire transaction the principal cannot ratify the beneficial part and reject the rest.
Practise this question with Quill — CA Foundation →

Keep practising Agency

Browse all Agency questions for CA Foundation, or explore more Businesslaw topics.

Start a Agency lesson →