Asked by Logan Jordan on Apr 28, 2024
Verified
The willingness of an emancipated minor to abide by contractual obligations is:
A) ratification.
B) emancipation.
C) rescission.
D) devolution.
Emancipated Minor
A person under the age of majority who is legally granted most adult rights and responsibilities by court order or other means.
Contractual Obligations
Contractual obligations are duties that are legally binding on the parties involved in a contract, requiring them to act or refrain from acting in certain ways.
- Examine the effects of liberation on the contractual rights and duties of minors.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
A
Explanation :
Ratification is the act of an emancipated minor agreeing to abide by a contract they previously entered into as a minor. Emancipation gives a minor legal independence, which includes the ability to enter into contracts, but the minor must still choose to ratify the contract once they become emancipated. Rescission is the act of canceling a contract, and devolution is not related to contract law.
Learning Objectives
- Examine the effects of liberation on the contractual rights and duties of minors.