Asked by Madison Martinez on May 28, 2024
Verified
Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority.The contract was automatically:
A) ratified.
B) rescinded.
C) set aside.
D) made voidable at the option of the minor.
Ratified
Confirmation or approval of an act or agreement that was not initially authorized by the party in question, making it legally binding.
Reasonable Time
A time frame which is fair and appropriate under the circumstances, often interpreted within the context of contract performance.
- Recognize the implications of not disaffirming a contract promptly after reaching the age of majority.
Verified Answer
KL
Karen LariosMay 28, 2024
Final Answer :
A
Explanation :
If a person fails to disaffirm a contract within a reasonable period of time after reaching majority,the contract is automatically ratified.
Learning Objectives
- Recognize the implications of not disaffirming a contract promptly after reaching the age of majority.