Agency
The concept of 'ratification' in Colorado agency law occurs when:
AThe principal pre-authorizes the agent's actions
BThe principal approves an unauthorized act of the agent after the fact✓ Correct
CThe agent formally accepts an offer on behalf of the principal
DBoth parties sign the agency agreement
Explanation
Ratification occurs when a principal approves or accepts the benefits of an agent's unauthorized act after it has been performed, thereby binding themselves to the act as if it had been originally authorized.
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