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An agency relationship which is made retrospectively is referred to by which of the following terms?
A Agency by estoppel
B Agency by ratification
C Agency by necessity
答案:The answer is B.
An agency relationship may be created retrospectively, by the 'principal' ratifying the act of the 'agent'. Therefore it is created after the 'agent' has formed a contract on behalf of the 'principal'.
If the principal agrees to the acts of the agent after the event, they may approve the acts of the agent and make it as if they had been principal and agent at the time of the contract.
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