Asked by Kwama Kenyatta on Jul 13, 2024
Verified
Because their contracts are ________,minors have the right,until a reasonable time after reaching the age of majority,to ________,or avoid,their contracts.
A) void; disaffirm
B) void; affirm
C) void; rescind
D) voidable; disaffirm
E) voidable; remand
Voidable
describes a contract or transaction that is valid and enforceable on its face, but may be deemed void by one or more of the parties due to certain conditions.
Disaffirm
The act of rejecting, denying, or voiding a contract or agreement, especially one entered into by a minor or under conditions that render it voidable.
Age Of Majority
The legal age at which an individual is considered legally competent to consent to contracts and manage personal affairs; varies by country, generally 18 or 21 years old.
- Absorb the principles of legal capacity and its consequences for minors' abilities to form and disavow contracts.
- Understand the concept and implications of ratification and disaffirmance of contracts by minors upon reaching the age of majority.
Verified Answer
Learning Objectives
- Absorb the principles of legal capacity and its consequences for minors' abilities to form and disavow contracts.
- Understand the concept and implications of ratification and disaffirmance of contracts by minors upon reaching the age of majority.
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