-
What is agency by ratification?
What is agency by ratification? This video introduces circumstances where a principal subsequently ratifies the activity of a person who was not acting on her behalf at the time. To discuss further, feel free to send me an email and to comment below.
Learn more here: https://uslawessentials.com/20141216what-is-agency-by-ratification/
published: 16 Dec 2014
-
Law of Agency : Agency by Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
published: 05 Nov 2018
-
Commercial Law - Agency by Ratification
GET THE COMPLETE COURSE FOR $10! - https://go.thelawsimplified.com/FastTrackCommercial
If you wish to receive Private Tutoring: http://wa.me/94777037245
Get Access to Courses & Webinars from $31/Month - https://go.thelawsimplified.com/Partner
Pre-Recorded one-on-one Fast Track - https://go.thelawsimplified.com/MasterclassCommercial
Enroll in the ATHE Endorsed Programme | Foundations of Contract Law: https://go.thelawsimplified.com/ATHEContractLaw
LIVE Workshop Registrations: https://go.thelawsimplified.com/Workshops
Buy Hold Me In Contempt: A Memoir by Dr. Shirani A. Bandaranayake
http://bit.ly/HoldMeInContempt
Get the Spider Graphs for $3:
Criminal Law: http://bit.ly/CriminalLawSpiderGraphs
Contract Law: http://bit.ly/ContractLawSpiderGraphs
Public Law: http://bit.ly/PublicLawSpid...
published: 12 May 2015
-
Agency by Ratification (Exceeding Authority)
This video explains the situations where an agent who had been given a limit of authority by his principal, but he exceeded / went beyond the authority given, when contracting with the 3rd party . The Principal may choose / opt to ratify the contract made by such gent.
published: 05 Dec 2021
-
Agency Law: Ratification. CPA Exam REG
IIn this video, I explain the concept of ratification in the context of agency law.
Start your free trial: ✅https://farhatlectures.com/
"Ratification" in agency law allows a principal to approve a previously unauthorized action by their agent. However, there are certain conditions under which an act can be ratified:
Legality: The act must be legal. If the action taken by the agent was illegal, it cannot be ratified.
Withdrawal of Third Party: The third party involved must not have withdrawn from the transaction before the principal ratifies it.
Fairness and Material Change: There should not be a significant change in circumstances that would make it unfair to hold the third party to the transaction.
Regarding who can ratify:
The Purported Principal Only: Ratification can only be done by...
published: 14 Dec 2023
-
Agency by Ratification
This lecture video is for non-law students taking Business Law or Commercial Law in their studies.
It is generally delivered in English but some parts of it are conveyed in BAHASA MELAYU.
published: 15 Jan 2023
-
Agency by ratification: Its meaning, laws and effects
Have you ever heard of agency by ratification? If not, then you have landed at the right place. In today’s video, we are highlighting the meaning, laws and effects of an agency by ratification. There are certain company agent laws that are performed widely in all kinds of agencies, including advertising and marketing companies. Keep watching if you want to know more about the terms and consequences of agency by ratification and know what is agency by ratification.
Read the full article on Agency by ratification: Its meaning, laws and effects: https://blog.unisquareconcepts.com/agencies/agency-by-ratification-its-laws-and-effects/
SUBSCRIBE THIS CHANNEL TO RECEIVE DAILY UPDATES FOR PROFESSIONAL GROWTH
-------------------------------------------------------------------------------------
Ch...
published: 22 Apr 2021
-
Agency by Ratification Part 1
Explanation on the formation of agency by ratification.
How this type of agency may happen.
For non-law students.
published: 04 Apr 2020
-
LAW446 - Creation of Agency by Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
published: 25 Dec 2020
2:16
What is agency by ratification?
What is agency by ratification? This video introduces circumstances where a principal subsequently ratifies the activity of a person who was not acting on her b...
What is agency by ratification? This video introduces circumstances where a principal subsequently ratifies the activity of a person who was not acting on her behalf at the time. To discuss further, feel free to send me an email and to comment below.
Learn more here: https://uslawessentials.com/20141216what-is-agency-by-ratification/
https://wn.com/What_Is_Agency_By_Ratification
What is agency by ratification? This video introduces circumstances where a principal subsequently ratifies the activity of a person who was not acting on her behalf at the time. To discuss further, feel free to send me an email and to comment below.
Learn more here: https://uslawessentials.com/20141216what-is-agency-by-ratification/
- published: 16 Dec 2014
- views: 54840
3:04
Law of Agency : Agency by Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free to...
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
https://wn.com/Law_Of_Agency_Agency_By_Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
- published: 05 Nov 2018
- views: 11547
5:19
Commercial Law - Agency by Ratification
GET THE COMPLETE COURSE FOR $10! - https://go.thelawsimplified.com/FastTrackCommercial
If you wish to receive Private Tutoring: http://wa.me/94777037245
Get A...
GET THE COMPLETE COURSE FOR $10! - https://go.thelawsimplified.com/FastTrackCommercial
If you wish to receive Private Tutoring: http://wa.me/94777037245
Get Access to Courses & Webinars from $31/Month - https://go.thelawsimplified.com/Partner
Pre-Recorded one-on-one Fast Track - https://go.thelawsimplified.com/MasterclassCommercial
Enroll in the ATHE Endorsed Programme | Foundations of Contract Law: https://go.thelawsimplified.com/ATHEContractLaw
LIVE Workshop Registrations: https://go.thelawsimplified.com/Workshops
Buy Hold Me In Contempt: A Memoir by Dr. Shirani A. Bandaranayake
http://bit.ly/HoldMeInContempt
Get the Spider Graphs for $3:
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Recommended Reading:
Q&A Commercial Law by Jo Reddy & Rick Canavan (Kindle Edition) - http://amzn.to/2fn5UMp
Q&A Commercial Law by Jo Reddy & Rick Canavan (Paperback Edition) - http://amzn.to/2gyuzKX
Join the LawCast - https://go.thelawsimplified.com/TLSPodcast
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Jurisprudence: https://go.thelawsimplified.com/FastTrackJurisprudence
Commercial Law: https://go.thelawsimplified.com/FastTrackCommercial
Company Law: https://go.thelawsimplified.com/FastTrackCompany
Conflict of Laws: https://goo.gl/TVzZmj
History of English Law: https://goo.gl/A22PDL
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Trust Law - https://go.thelawsimplified.com/MasterclassTrusts
Property Law - https://go.thelawsimplified.com/MasterclassProperty
Jurisprudence - https://go.thelawsimplified.com/MasterclassJurisprudence
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Company Law - https://go.thelawsimplified.com/MasterclassCompany
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https://wn.com/Commercial_Law_Agency_By_Ratification
GET THE COMPLETE COURSE FOR $10! - https://go.thelawsimplified.com/FastTrackCommercial
If you wish to receive Private Tutoring: http://wa.me/94777037245
Get Access to Courses & Webinars from $31/Month - https://go.thelawsimplified.com/Partner
Pre-Recorded one-on-one Fast Track - https://go.thelawsimplified.com/MasterclassCommercial
Enroll in the ATHE Endorsed Programme | Foundations of Contract Law: https://go.thelawsimplified.com/ATHEContractLaw
LIVE Workshop Registrations: https://go.thelawsimplified.com/Workshops
Buy Hold Me In Contempt: A Memoir by Dr. Shirani A. Bandaranayake
http://bit.ly/HoldMeInContempt
Get the Spider Graphs for $3:
Criminal Law: http://bit.ly/CriminalLawSpiderGraphs
Contract Law: http://bit.ly/ContractLawSpiderGraphs
Public Law: http://bit.ly/PublicLawSpiderGraphs
Tort Law: http://bit.ly/TortLawSpiderGraphs
Property Law: http://bit.ly/PropertyLawSpiderGraphs
Trust Law: http://bit.ly/TrustLawSpiderGraphs
Get the Case Summaries for $5:
Criminal Law: http://bit.ly/CriminalCaseSummaries
Contract Law: http://bit.ly/ContractCaseSummaries
Public Law: http://bit.ly/PublicCaseSummaries
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Property Law: http://bit.ly/PropertyCaseSummaries
Get Reference Questions & Answers for $7:
Criminal Law: http://bit.ly/CriminalLawQA
Contract Law: http://bit.ly/ContractLawQA
Public Law: http://bit.ly/PublicLawQA
Tort Law: http://bit.ly/TortLawQA
Trust Law: http://bit.ly/TrustLawQA
Property Law: http://bit.ly/PropertyLawQA
Recommended Reading:
Q&A Commercial Law by Jo Reddy & Rick Canavan (Kindle Edition) - http://amzn.to/2fn5UMp
Q&A Commercial Law by Jo Reddy & Rick Canavan (Paperback Edition) - http://amzn.to/2gyuzKX
Join the LawCast - https://go.thelawsimplified.com/TLSPodcast
For complete courses, including Spider Graphs and Case Summaries for $10:
English Legal System: http://www.udemy.com/learn-english-law/
Criminal Law: https://go.thelawsimplified.com/FastTrackCriminal
Contract Law: https://go.thelawsimplified.com/FastTrackContract
Constitutional Law: https://go.thelawsimplified.com/FastTrackPublic
Property Law: https://go.thelawsimplified.com/FastTrackProperty
Tort Law:https://go.thelawsimplified.com/FastTrackTort
Trust Law: https://go.thelawsimplified.com/FastTrackTrusts
Intellectual Property: https://go.thelawsimplified.com/FastTrackIP
Jurisprudence: https://go.thelawsimplified.com/FastTrackJurisprudence
Commercial Law: https://go.thelawsimplified.com/FastTrackCommercial
Company Law: https://go.thelawsimplified.com/FastTrackCompany
Conflict of Laws: https://goo.gl/TVzZmj
History of English Law: https://goo.gl/A22PDL
Enroll in Business Law for $19! - http://bit.ly/LearnBusinessLaw
GET ALL COURSES FOR $69!
https://go.thelawsimplified.com/AllMiniCourses
Pre-Recorded Workshops for $69:
Criminal Law - https://go.thelawsimplified.com/CriminalWorkshop
Contract Law - https://go.thelawsimplified.com/ContractWorkshop
Public Law - https://go.thelawsimplified.com/Public WorkshopWorkshop
Tort Law - https://go.thelawsimplified.com/TortWorkshop
Trust Law - https://go.thelawsimplified.com/TrustsWorkshop
Property Law - https://go.thelawsimplified.com/PropertyWorkshop
Jurisprudence - https://go.thelawsimplified.com/JurisprudenceWorkshop
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Trust Law - https://go.thelawsimplified.com/MasterclassTrusts
Property Law - https://go.thelawsimplified.com/MasterclassProperty
Jurisprudence - https://go.thelawsimplified.com/MasterclassJurisprudence
Commercial Law - https://go.thelawsimplified.com/MasterclassCommercial
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Company Law - https://go.thelawsimplified.com/MasterclassCompany
Pre-Recorded Complete Masterclasses for $199:
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Legal Systems - https://go.thelawsimplified.com/MasterclassLSMComplete
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Trust Law - https://go.thelawsimplified.com/MasterclassTrustsComplete
Property Law - https://go.thelawsimplified.com/MasterclassPropertyComplete
Jurisprudence - https://go.thelawsimplified.com/MasterclassJurisprudenceComplete
Examination Techniques:
ACE Constitutional Law: https://goo.gl/JiHNp7
ACE Contract Law: https://goo.gl/rp4Vh9
ACE Criminal Law: https://goo.gl/swxuCc
ACE Tort Law: https://goo.gl/1BLVCe
FACEBOOK: http://www.facebook.com/TheLawSimplified
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INSTAGRAM: http://www.instagram.com/thelawsimplified
- published: 12 May 2015
- views: 57731
0:59
Agency by Ratification (Exceeding Authority)
This video explains the situations where an agent who had been given a limit of authority by his principal, but he exceeded / went beyond the authority given, w...
This video explains the situations where an agent who had been given a limit of authority by his principal, but he exceeded / went beyond the authority given, when contracting with the 3rd party . The Principal may choose / opt to ratify the contract made by such gent.
https://wn.com/Agency_By_Ratification_(Exceeding_Authority)
This video explains the situations where an agent who had been given a limit of authority by his principal, but he exceeded / went beyond the authority given, when contracting with the 3rd party . The Principal may choose / opt to ratify the contract made by such gent.
- published: 05 Dec 2021
- views: 837
7:48
Agency Law: Ratification. CPA Exam REG
IIn this video, I explain the concept of ratification in the context of agency law.
Start your free trial: ✅https://farhatlectures.com/
"Ratification" in agenc...
IIn this video, I explain the concept of ratification in the context of agency law.
Start your free trial: ✅https://farhatlectures.com/
"Ratification" in agency law allows a principal to approve a previously unauthorized action by their agent. However, there are certain conditions under which an act can be ratified:
Legality: The act must be legal. If the action taken by the agent was illegal, it cannot be ratified.
Withdrawal of Third Party: The third party involved must not have withdrawn from the transaction before the principal ratifies it.
Fairness and Material Change: There should not be a significant change in circumstances that would make it unfair to hold the third party to the transaction.
Regarding who can ratify:
The Purported Principal Only: Ratification can only be done by the person who is represented as the principal. The agent cannot ratify their own actions.
Disclosed Principal: Ratification is only applicable if the principal was disclosed, meaning the third party knew they were dealing with an agent acting for a known principal. An undisclosed principal, where the third party is unaware of the principal's existence, cannot ratify the act.
Different Example:
Consider a scenario in a construction company. The company's manager, Jake, while the CEO, Emma, is away, decides to purchase a piece of expensive equipment from a vendor, believing it will benefit the company. However, he does not have the authority to make such high-value purchases. When Emma returns and finds out about the purchase, she evaluates the situation. The equipment is indeed beneficial and needed, and the vendor has not withdrawn from the sale. Emma decides to ratify Jake's purchase. By doing so, she accepts the equipment and agrees to pay for it, even though Jake initially did not have the authority for such a transaction. Since Emma is the known principal of the company, her ratification is valid. If Emma had been an undisclosed principal, unknown to the vendor, she would not have been able to ratify the transaction.
In agency law, ratification allows a principal to formally approve an action or decision made by an agent that was initially unauthorized. However, there are specific conditions and limitations to what can be ratified:
Legality: An act can be ratified only if it is legal. Any illegal actions taken by the agent cannot be ratified by the principal.
Third Party Withdrawal: If the third party involved in the transaction withdraws before the principal ratifies the action, then ratification is not possible.
Material Change in Circumstances: If there has been a significant change in circumstances that would make it unfair to hold the third party to the agreement, ratification cannot occur.
As for who can perform ratification:
Only the Purported Principal: Ratification can only be done by the individual or entity who was represented as the principal in the transaction. The agent themselves cannot ratify their own actions.
Disclosed Principal Only: Ratification is valid only when the principal's identity is known to the third party at the time of the original transaction. In situations where the principal was undisclosed (the third party was unaware of the principal's existence or identity), the principal cannot later ratify the action.
To clarify with an example: Suppose a manager of a company, without having authority, negotiates a deal with a supplier. The manager cannot ratify this deal themselves; only the company, as the principal, can choose to ratify it. Furthermore, if the supplier was unaware that they were dealing with an agent of the company (an undisclosed principal), the company cannot later ratify this deal. The ratification is only valid if the supplier knew they were dealing with a representative of the company at the time of the negotiation.
#cpaexaminindia #cpaexam #accountingmajor
https://wn.com/Agency_Law_Ratification._Cpa_Exam_Reg
IIn this video, I explain the concept of ratification in the context of agency law.
Start your free trial: ✅https://farhatlectures.com/
"Ratification" in agency law allows a principal to approve a previously unauthorized action by their agent. However, there are certain conditions under which an act can be ratified:
Legality: The act must be legal. If the action taken by the agent was illegal, it cannot be ratified.
Withdrawal of Third Party: The third party involved must not have withdrawn from the transaction before the principal ratifies it.
Fairness and Material Change: There should not be a significant change in circumstances that would make it unfair to hold the third party to the transaction.
Regarding who can ratify:
The Purported Principal Only: Ratification can only be done by the person who is represented as the principal. The agent cannot ratify their own actions.
Disclosed Principal: Ratification is only applicable if the principal was disclosed, meaning the third party knew they were dealing with an agent acting for a known principal. An undisclosed principal, where the third party is unaware of the principal's existence, cannot ratify the act.
Different Example:
Consider a scenario in a construction company. The company's manager, Jake, while the CEO, Emma, is away, decides to purchase a piece of expensive equipment from a vendor, believing it will benefit the company. However, he does not have the authority to make such high-value purchases. When Emma returns and finds out about the purchase, she evaluates the situation. The equipment is indeed beneficial and needed, and the vendor has not withdrawn from the sale. Emma decides to ratify Jake's purchase. By doing so, she accepts the equipment and agrees to pay for it, even though Jake initially did not have the authority for such a transaction. Since Emma is the known principal of the company, her ratification is valid. If Emma had been an undisclosed principal, unknown to the vendor, she would not have been able to ratify the transaction.
In agency law, ratification allows a principal to formally approve an action or decision made by an agent that was initially unauthorized. However, there are specific conditions and limitations to what can be ratified:
Legality: An act can be ratified only if it is legal. Any illegal actions taken by the agent cannot be ratified by the principal.
Third Party Withdrawal: If the third party involved in the transaction withdraws before the principal ratifies the action, then ratification is not possible.
Material Change in Circumstances: If there has been a significant change in circumstances that would make it unfair to hold the third party to the agreement, ratification cannot occur.
As for who can perform ratification:
Only the Purported Principal: Ratification can only be done by the individual or entity who was represented as the principal in the transaction. The agent themselves cannot ratify their own actions.
Disclosed Principal Only: Ratification is valid only when the principal's identity is known to the third party at the time of the original transaction. In situations where the principal was undisclosed (the third party was unaware of the principal's existence or identity), the principal cannot later ratify the action.
To clarify with an example: Suppose a manager of a company, without having authority, negotiates a deal with a supplier. The manager cannot ratify this deal themselves; only the company, as the principal, can choose to ratify it. Furthermore, if the supplier was unaware that they were dealing with an agent of the company (an undisclosed principal), the company cannot later ratify this deal. The ratification is only valid if the supplier knew they were dealing with a representative of the company at the time of the negotiation.
#cpaexaminindia #cpaexam #accountingmajor
- published: 14 Dec 2023
- views: 1346
22:16
Agency by Ratification
This lecture video is for non-law students taking Business Law or Commercial Law in their studies.
It is generally delivered in English but some parts of it ar...
This lecture video is for non-law students taking Business Law or Commercial Law in their studies.
It is generally delivered in English but some parts of it are conveyed in BAHASA MELAYU.
https://wn.com/Agency_By_Ratification
This lecture video is for non-law students taking Business Law or Commercial Law in their studies.
It is generally delivered in English but some parts of it are conveyed in BAHASA MELAYU.
- published: 15 Jan 2023
- views: 644
5:33
Agency by ratification: Its meaning, laws and effects
Have you ever heard of agency by ratification? If not, then you have landed at the right place. In today’s video, we are highlighting the meaning, laws and effe...
Have you ever heard of agency by ratification? If not, then you have landed at the right place. In today’s video, we are highlighting the meaning, laws and effects of an agency by ratification. There are certain company agent laws that are performed widely in all kinds of agencies, including advertising and marketing companies. Keep watching if you want to know more about the terms and consequences of agency by ratification and know what is agency by ratification.
Read the full article on Agency by ratification: Its meaning, laws and effects: https://blog.unisquareconcepts.com/agencies/agency-by-ratification-its-laws-and-effects/
SUBSCRIBE THIS CHANNEL TO RECEIVE DAILY UPDATES FOR PROFESSIONAL GROWTH
-------------------------------------------------------------------------------------
Check out latest job openings on our official company website: https://unisquareconcepts.com/
Get Free Career Guidance Tips: http://theunisquareblog.com/
https://wn.com/Agency_By_Ratification_Its_Meaning,_Laws_And_Effects
Have you ever heard of agency by ratification? If not, then you have landed at the right place. In today’s video, we are highlighting the meaning, laws and effects of an agency by ratification. There are certain company agent laws that are performed widely in all kinds of agencies, including advertising and marketing companies. Keep watching if you want to know more about the terms and consequences of agency by ratification and know what is agency by ratification.
Read the full article on Agency by ratification: Its meaning, laws and effects: https://blog.unisquareconcepts.com/agencies/agency-by-ratification-its-laws-and-effects/
SUBSCRIBE THIS CHANNEL TO RECEIVE DAILY UPDATES FOR PROFESSIONAL GROWTH
-------------------------------------------------------------------------------------
Check out latest job openings on our official company website: https://unisquareconcepts.com/
Get Free Career Guidance Tips: http://theunisquareblog.com/
- published: 22 Apr 2021
- views: 2226
10:04
Agency by Ratification Part 1
Explanation on the formation of agency by ratification.
How this type of agency may happen.
For non-law students.
Explanation on the formation of agency by ratification.
How this type of agency may happen.
For non-law students.
https://wn.com/Agency_By_Ratification_Part_1
Explanation on the formation of agency by ratification.
How this type of agency may happen.
For non-law students.
- published: 04 Apr 2020
- views: 2489
2:48
LAW446 - Creation of Agency by Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free to...
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
https://wn.com/Law446_Creation_Of_Agency_By_Ratification
-- Created using Powtoon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
- published: 25 Dec 2020
- views: 840