Agency
In Michigan, which type of agency exists when an agent acts for a principal in situations where no express or implied agency has been established but the principal later approves the agent's actions?
AExpressed agency
BImplied agency
CApparent agency
DAgency by ratification✓ Correct
Explanation
Agency by ratification occurs when a person (principal) who was not represented at the time of an act later approves or ratifies those actions, effectively creating an agency relationship retroactively.
Related Michigan Agency Questions
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