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An agency relationship which is made retrospectively is know as an agency by:
  • a)
    Estoppel
  • b)
    Ratification
  • c)
    Necessity
  • d)
    Commerce
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
An agency relationship which is made retrospectively is know as an age...
An agency agreement may be created by estoppel, necessity or ratification. Where a principal retrospectively ratifies an agreement, after it has been made on his behalf, then an agency by ratification is created.
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An agency relationship which is made retrospectively is know as an agency by:a)Estoppelb)Ratificationc)Necessityd)CommerceCorrect answer is option 'B'. Can you explain this answer?
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