Ratification means confirmation of an agreement. In regular terms, some contracts or agreements are not enforceable until ratified or confirmed by the party that is involved in the agreement. In corporate environment, the appointment of an auditing firm is recommended and finalized by the audit committee, which in turn does not happen until the shareholders ratify.
Unless the shareholders ratify the decision of the audit committee the auditors cannot be considered as official auditors of the company and any action against the auditors for non-performance of audit work shall be enforceable.
Springer, who was running for Congress, instructed his campaign staff
Empresa Estatal Petroleos de Ecuador (PetroEcuador) contracted with BP Oil
MR. CHIEF JUSTICE WARREN delivered the opinion of the Court.
Aretta J. Parkinson owned a two-hundred-acre farm
In 2015, the proxy vote for Apple’s annual meeting had six
A minor purchased a desk, computer, and printer—all
How is a contract with a minor affected by the minor’s ratification
Indicate whether each of the following statements is true or false.
How does ratification affect the right of minors to avoid their contracts
How does ratification affect the right of mentally incompetent persons to avoid
