Agency
In New Mexico, 'ratification' of an agent's unauthorized act occurs when:
AThe NMREC approves the act
BThe principal knowingly accepts the benefits of the agent's unauthorized act✓ Correct
CThe court orders the principal to accept responsibility
DThe agent is licensed
Explanation
Ratification occurs when a principal knowingly approves or accepts the benefits of an agent's previously unauthorized act, thereby binding the principal as if the act had been authorized from the start.
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