Agency is a relationship based on an agreement authorizing one person, the agent, to act for another, the principal. For example an agent may negotiate and make contracts with third persons on behalf of the principal. If an agent tries to do an act for his principal that he is not specifically authorized to do, the principal has the choice of ignoring the transaction or ratifying it. Generally, even an unauthorized act may be ratified.
New Hampshire Ratification by Principal of Agent's Execution of Contract: A Detailed Description Ratification plays a crucial role in contract law as it empowers a principal to validate an agent's actions on their behalf, despite not being involved in the original execution of the contract. In New Hampshire, the concept of ratification by the principal is recognized and governed by specific legal principles. This article aims to provide a detailed description of New Hampshire's ratification by principal of an agent's execution of a contract, outlining the main aspects and types of ratification. In the state of New Hampshire, ratification is the act of affirming, approving, or formally accepting the actions of an agent who acted on behalf of a principal without prior authorization. By ratifying the agent's actions, the principal effectively accepts the obligations, benefits, and consequences arising from the contract as if they had initially entered into it themselves. The process of ratification generally occurs when the principal becomes aware of the agent's unauthorized act or contract execution. Upon discovering the agent's actions, the principal can either choose to affirm the contract voluntarily or reject it. However, silence alone does not constitute ratification. The principal must explicitly express their intention to adopt the agent's actions or conduct themselves in a way that suggests their acceptance. There are two main types of ratification recognized in New Hampshire: 1. Express Ratification: This type occurs when the principal explicitly affirms the agent's actions through specific words or actions. It entails the principal unequivocally stating their intention to adopt the contract or by explicitly continuing the performance under the contract after becoming aware of it. Express ratification leaves no room for ambiguity, as the principal provides clear and direct consent. 2. Implied Ratification: In this type, the principal's conduct implies their acceptance and ratification of the agent's actions. While not explicitly stated, the principal's behavior or actions indicate their intent to affirm the contract. For instance, if a principal receives the benefits or payments resulting from the agent's contract, it can imply ratification. However, it is essential to note that the principal's actions must be voluntary, with full knowledge of the agent's actions. In New Hampshire, ratification relates specifically to contracts executed by agents on behalf of principals. It enables principals to validate unauthorized actions taken on their behalf, ensuring that contracts are binding upon both parties. However, ratification does not cover all types of agent actions. If the agent exceeded their authority or engaged in illegal activities, the principal cannot ratify their actions. In conclusion, New Hampshire recognizes the significance of ratification by the principal of an agent's execution of a contract. Through explicit or implied ratification, principals have the power to adopt contracts entered into by their agents without prior authorization. This legal mechanism allows for flexibility and protection within the realm of agency relationships, ensuring that principals can validate actions undertaken on their behalf by agents.New Hampshire Ratification by Principal of Agent's Execution of Contract: A Detailed Description Ratification plays a crucial role in contract law as it empowers a principal to validate an agent's actions on their behalf, despite not being involved in the original execution of the contract. In New Hampshire, the concept of ratification by the principal is recognized and governed by specific legal principles. This article aims to provide a detailed description of New Hampshire's ratification by principal of an agent's execution of a contract, outlining the main aspects and types of ratification. In the state of New Hampshire, ratification is the act of affirming, approving, or formally accepting the actions of an agent who acted on behalf of a principal without prior authorization. By ratifying the agent's actions, the principal effectively accepts the obligations, benefits, and consequences arising from the contract as if they had initially entered into it themselves. The process of ratification generally occurs when the principal becomes aware of the agent's unauthorized act or contract execution. Upon discovering the agent's actions, the principal can either choose to affirm the contract voluntarily or reject it. However, silence alone does not constitute ratification. The principal must explicitly express their intention to adopt the agent's actions or conduct themselves in a way that suggests their acceptance. There are two main types of ratification recognized in New Hampshire: 1. Express Ratification: This type occurs when the principal explicitly affirms the agent's actions through specific words or actions. It entails the principal unequivocally stating their intention to adopt the contract or by explicitly continuing the performance under the contract after becoming aware of it. Express ratification leaves no room for ambiguity, as the principal provides clear and direct consent. 2. Implied Ratification: In this type, the principal's conduct implies their acceptance and ratification of the agent's actions. While not explicitly stated, the principal's behavior or actions indicate their intent to affirm the contract. For instance, if a principal receives the benefits or payments resulting from the agent's contract, it can imply ratification. However, it is essential to note that the principal's actions must be voluntary, with full knowledge of the agent's actions. In New Hampshire, ratification relates specifically to contracts executed by agents on behalf of principals. It enables principals to validate unauthorized actions taken on their behalf, ensuring that contracts are binding upon both parties. However, ratification does not cover all types of agent actions. If the agent exceeded their authority or engaged in illegal activities, the principal cannot ratify their actions. In conclusion, New Hampshire recognizes the significance of ratification by the principal of an agent's execution of a contract. Through explicit or implied ratification, principals have the power to adopt contracts entered into by their agents without prior authorization. This legal mechanism allows for flexibility and protection within the realm of agency relationships, ensuring that principals can validate actions undertaken on their behalf by agents.
