Agency
Ratification of an agency relationship in South Dakota means:
AThe SDREC approves the agency contract
BThe principal approves an unauthorized act performed by the agent after the fact✓ Correct
CBoth parties agree to modify the agency agreement
DThe agent accepts the client's counteroffer
Explanation
Ratification occurs when a principal affirms and accepts an unauthorized act performed by the agent, thereby making the act legally binding as if it had been authorized originally.
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