Agency by occurs when a person misrepresents himself or herself as an agent and the principal accepts the unauthorized act.

Question

Quizplus · Accepted Answer

Ratification occurs when a principal accepts an unauthorized act by someone who wrongfully represented themselves as the principal's agent. This acceptance retroactively creates an agency relationship and binds the principal to the act. Therefore, agency by ratification is the correct answer. Rescission involves canceling a contract, revocation involves terminating an agency relationship, and rejection involves refusing an offer.

Agency by Occurs When a Person Misrepresents Himself or Herself