Arizona Land Advisors, LLC v. Studio City Lofts, LLC
Arizona Court of Appeals
2016 WL 3884865 (2016)
Relevant factsFree
After being removed as Studio City's (defendant) manager, Lupypciw nonetheless signed an exclusive listing agreement on Studio City's behalf with Arizona Land (plaintiff), without Studio City's knowledge; a subsequent bankruptcy settlement (to which Arizona Land wasn't a party) merely acknowledged Lupypciw had been actively seeking to sell the property, and Arizona Land argued this acknowledgment ratified his unauthorized listing agreement.
IssueFree
Whether, generally, a principal is bound by a ratification made without knowledge of material facts about the agent's conduct.