Agency
Under Wisconsin agency law, the term 'ratification' means the principal:
ATerminates the agency agreement
BApproves and validates an agent's unauthorized act after the fact, making it binding✓ Correct
CRe-executes the agency agreement after it expires
DTransfers the agency to another broker
Explanation
Ratification occurs when a principal approves an agent's unauthorized act after it has occurred, making the act as binding as if the agent had been authorized at the time.
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