Agency
Under Mississippi agency law, a principal who ratifies an unauthorized act by their agent:
ACan later deny the ratification
BBecomes bound by the agent's act as if it had been authorized from the beginning✓ Correct
COnly partially accepts responsibility for the act
DMust pay a penalty to the agent
Explanation
Ratification occurs when a principal, with knowledge of the material facts, accepts and approves an agent's unauthorized act. Once ratified, the principal is bound by the act retroactively — as if the agent had been authorized from the beginning.
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