67. Essentials of ratification.

67.     Essentials of ratification.

Ratification is an unilateral act of will. The principal does not need to inform the agent, or indeed any other person, that ratification has taken place1. Nevertheless, ratification must be evidenced either by clear adoptive acts2, or by acquiescence equivalent thereto3. The act or acts of adoption or acquiescence must be accompanied by full knowledge of all the essential facts4, and must relate to a transaction to which effect can be given5, unless the principal shows an intention to take all risks6, but