True, An Agency Relationship Can Arise By Ratification, Which Involves A Determination Of Intent Expressed By Words Or Conduct
An agency relationship is created when one person (the principal) gives another (the agent) the authority to act on his behalf while the agent is under the principal's supervision and the agent agrees to do so. When the principal authorizes an act that can be carried out on his behalf by an agent who in actuality lacked the necessary authorization, the act can only be carried out by adhering to the ratification process. Ratification only creates an agency relationship between the principal and the agent. A person who ratifies an act performed by another person must have existed at the time the act was performed and at the moment of ratification. They must also be legally capable of performing the act themselves.
Know more about the Agency Relationship at: https://brainly.com/question/15129864
#SPJ4