Asked by China lilian on Jun 24, 2024
Verified
A(n) ________ occurs when a former minor does not specifically state that he affirms a contract entered into as a minor,but takes some action that is consistent with an intent to ratify the contract.
A) implied ratification
B) express ratification
C) express novation
D) implied novation
E) disaffirmance
Implied Ratification
A form of agreement inferred from actions or behavior, indicating acceptance of previous actions that were not officially authorized.
Express Ratification
The explicit approval or confirmation of an act or agreement, usually after the fact, making it officially valid.
- Comprehend the principle and consequences of minors' ratification and disaffirmance of contracts upon attaining the legal age of adulthood.
Verified Answer
CB
Carmela BucciJun 26, 2024
Final Answer :
A
Explanation :
An implied ratification occurs when the former minor takes some action after reaching the age of majority that is consistent with an intent to ratify the contract.
Learning Objectives
- Comprehend the principle and consequences of minors' ratification and disaffirmance of contracts upon attaining the legal age of adulthood.
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