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MikeLittle.
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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Agent by Ratification
If the Agent gets a contract on behalf of a principal without any proper contract or without the principal giving a prior acknowledgment, isn’t it that the agent is technically scamming the customer? cause he has no right to represent the principal yet he pretends to do so
I’m not sure that I recognise ‘scamming’ as a technical expression that I have read in any law text books!
Simply, yes! Unless and until the principal accepts the ‘agency contract’ the agent will be personally liable
OK?