Definition from Nolo’s Plain-English Law Dictionary
Approval or confirmation of a previous contract or other act that would not otherwise be binding in the absence of such approval. If an employer ratifies the unauthorized acts of an employee, those actions become binding on the employer. A person who is under the legal age to enter into a contract may ratify (and thereby adopt) the contract when he or she reaches majority, or may refuse to honor the contract without obligation.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:23 pm