GCE Commerce 2022 Objective — Question 43
Question 43 of 50 from the General Certificate of Education (GCE) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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An agency agreement in which the principal approves the action of his authorized representative is agency by
- A. RatificationCorrect
- B. necessity
- C. implication
- D. estoppel
Explanation
Agency by ratification arises when the principal approves an action taken by an agent on their behalf after the fact.
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