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Contract act

Harshit Sardana (44 Points)

26 April 2020

what is difference b/w adopting a contrat and ratifying a contrat?

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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

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