Agency
Ratification of an unauthorized act by an agent occurs when:
AThe agent retroactively gets permission from the Commission
BThe principal affirms or accepts the benefits of the agent's unauthorized action✓ Correct
CA court orders the principal to accept the agent's actions
DThe agent pays a fine to the principal for acting outside their authority
Explanation
Ratification occurs when a principal knowingly accepts the benefits of an unauthorized action by their agent, effectively retroactively approving the act and creating liability as if it had been authorized.
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