What may a principal do regarding a ratified contract by an agent?

When an agent acts on behalf of a principal and enters into a contract, the principal has the option to ratify that contract. Once a contract is ratified, it becomes binding and enforceable as if the principal had originally entered into the agreement themselves. This means that the principal assumes all the rights and obligations of the contract.

Enforcing the contract means that the principal can take legal action to ensure that the terms of the contract are fulfilled by the other party. The ratification solidifies the agent's actions, confirming that the principal agrees with what was done on their behalf. For example, if an agent negotiated a lease for the principal's business and the principal ratifies it, they can hold the landlord accountable to the terms of that lease.

In contrast, other options involve actions that would not align with the principles of agency law once a contract has been ratified. Denying the contract or having it declared null and void would not be permissible since ratification indicates acceptance. Additionally, negotiating different terms after ratification would contradict the established agreement unless both parties to the contract agree to the changes. Therefore, the correct response highlights the principal's ability to enforce the ratified contract as its own.