Asked by Carlos Orellana on Jul 08, 2024
Verified
At age 17, Wanda purchased an expensive sound system from Lectronic City. If Wanda wishes to ratify this contract, Wanda:
A) must reach the age of majority and ratify the contract as a whole.
B) may do so by express notification at any time before reaching the age of majority.
C) may at any time keep the sound system but avoid any remaining debt owed on it.
D) may do so at any time by express or implied action before or after reaching the age of majority.
Ratify
To formally approve or confirm an agreement or treaty, making it officially valid.
- Determine the circumstances in which a minor has the authority to confirm a contract and the repercussions of this confirmation.
Verified Answer
AR
Andrea RomeroJul 09, 2024
Final Answer :
A
Explanation :
Contracts entered into by minors are generally voidable at the minor's discretion. However, once a minor reaches the age of majority, they can choose to ratify (formally approve) the contract, but it must be done as a whole, not in parts. Ratification can only occur after reaching the age of majority.
Learning Objectives
- Determine the circumstances in which a minor has the authority to confirm a contract and the repercussions of this confirmation.
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