(1) Where a commercial employee who is entrusted only with procuring business outside of the principal’s business premises has concluded a transaction in the principal’s name, and the third party did not know of the lack of power of agency, the transaction will be deemed to be ratified by the principal if, after having been informed by the commercial employee, or by the third party, of the conclusion of such transaction and the material terms thereof, the principal fails to repudiate it without undue delay vis-à-vis the third party.
(2) The same applies if a commercial employee entrusted with concluding transactions has concluded a transaction in the principal’s name which they are not authorised to conclude.
Sections 76 to 82 (repealed)