BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Ratification means subsequent acceptance and adoption of an act by the principal originally done by the agent without authority. According to section 196. “Where acts are done by one person on behalf of another but without his knowledge or authority, he may check to ratify or to disown such act.

Detailed explanation-2: -Ratification: approval of agreement by the state 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.

Detailed explanation-3: -It is a general rule in the law of agency that the subsequent ratification by a principal of an unauthorized act of his agent is equivalent to a prior authorization, in accordance with the maxim omnis ratihabitio retrotrahitur et mandato priori aequiparatur.

Detailed explanation-4: -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-5: -A contract ratification can either be implied or expressed.