WAEC Commerce 2022 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) 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
In agency by ratification, the principal approves the action of his authorized representative after the act has been done.
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