Contract act
Harshit Sardana (44 Points)
26 April 2020
what is difference b/w adopting a contrat and ratifying a contrat?
1 Replies
Aman Shahi
(7 Points)
Replied 28 April 2020
To ratify a contact means to accept it in a retrospective manner.
for eg bod appointed an auditor and later on it was ratified by the members in the agm
and adopting means to accept it in a prospective manner
same.eg if the auditor is appointed by the members in an agm
for eg bod appointed an auditor and later on it was ratified by the members in the agm
and adopting means to accept it in a prospective manner
same.eg if the auditor is appointed by the members in an agm
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