Final answer:
The ratio in Georgian Co v Bloom refers to the legal principle behind the court's decision, which is essential for establishing binding precedent in common law. Specific details of the case are needed to provide the exact ratio decidendi.
Step-by-step explanation:
The ratio in the case Georgian Co v Bloom refers to the ratio decidendi, which is the legal principle or reason behind a court's decision in a case. It's important to note that without specific details about the case of Georgian Co v Bloom, providing the precise ratio decidendi is not possible. Ratio decidendi forms the binding precedent that must be followed by courts in future cases with similar issues or facts. Understanding the ratio is essential for the application of case law and the development of common law legal systems.