BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Therefore ratification is a kind of affirmation of unauthorised acts. It is thus explained in section 196 of Indian Contract Act 1872 and in other section. Ratification may be expressed or may be implied in the conduct of the person on whose belief the acts are done.

Detailed explanation-2: -Ratify means to approve or enact a legally binding act that would not otherwise be binding in the absence of such approval. In the constitutional context, nations may ratify an amendment to an existing or adoption of a new constitution.

Detailed explanation-3: -An “unauthorized” or “illegal” contract may be ratified only if ratification is in the “interest of the State.” If ratification is not in the State’s interest, the contract must be acknowledged as void.

Detailed explanation-4: -Signature Subject to Ratification, Acceptance or Approval Where the signature is subject to ratification, acceptance or approval, the signature does not establish the consent to be bound. However, it is a means of authentication and expresses the willingness of the signatory state to continue the treaty-making process.

Detailed explanation-5: -After approval has been granted under a state’s own internal procedures, it will notify the other parties that they consent to be bound by the treaty. This is called ratification. The treaty is now officially binding on the state.