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T makes a written offer to K to lease certain property to P, which K accepts on behalf of P. K did not have actual authority to accept the offer on behalf of P. T withdraws the offer. P then ratifies the K's acceptance. Does T have an agreement with P?

Yes. The ratification will operate retrospectively.

No. Ratification does not operate retrospectively.

Yes. At the time of acceptance K had actual authority.

No. At the time of acceptance K did not have implied authority.

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