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· 3/13/1998

Stathis v. Geldermann, Inc.

Citations

  • 692 N.E.2d 798
  • 295 Ill. App. 3d 844
  • 229 Ill. Dec. 809

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • possessing knowledge of the terms of agreement and accepting payment under those terms without repudiation constitutes ratification
  • ratification may be inferred from surrounding circumstances, including long-term acquiescence, after notice, to the benefits of an allegedly unauthorized transaction
  • “Ratification occurs when the principal learns of an unauthorized transaction, then retains the benefits of the transaction or takes a position inconsistent with nonaffirmation.”
  • “full knowledge of the act” needed
  • “full knowledge of the act” needed

Source: CourtListener parenthetical corpus (CC0).

Judges: Hartman

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.