Agency
Agency by ratification occurs when:
AA principal expressly authorizes an agent in writing
BA principal approves and accepts an unauthorized act of an agent after the fact✓ Correct
CAn agent is hired by a third party
DBoth parties agree to a transaction verbally
Explanation
Agency by ratification is created when a principal accepts or approves an agent's unauthorized act after it has occurred, thereby creating a valid agency relationship retroactively.
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