According to Article 48 of the Contract Law of People's Republic of China (PRC), a contract concluded in the name of the principal without the agent's power of attorney, beyond the agent's power of attorney, or after the termination of the agent's power of attorney, has no effect on the principal, and the actor shall bear the responsibility. The other party may urge the principal to ratify it within one month. If the trustor fails to declare it, it shall be deemed as refusal to ratify it. Before the contract is ratified, the bona fide counterpart has the right to cancel the contract. Revocation shall be made by notice. ?
Article 51 A contract concluded by a person who has no right to dispose of another person's property is valid if it is ratified by the creditor or the person who has no right to dispose of it obtains the right to dispose of it.
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Article 168 of the Civil Code of People's Republic of China (PRC) stipulates that an agent shall not carry out civil juristic acts in the name of the principal and in his own name, except with the consent or ratification of the principal. An agent shall not, in the name of the principal, carry out a civil juristic act at the same time with other people he represents, except with the consent or ratification of the principal.
Article 169 Where an agent needs to entrust a third person to act as an agent, it shall obtain the consent or ratification of the principal. If the entrusted agent is approved or ratified by the principal, the principal may directly instruct the entrusted third party on the agency affairs, and the agent is only responsible for the choice and instruction of the third party.
If the entrusted agent is not approved or ratified by the principal, the agent shall be responsible for the behavior of the entrusted third party; However, in an emergency, in order to safeguard the interests of the principal, the agent needs to entrust a third party.
China People's Congress Network-People's Republic of China (PRC) Contract Law