Asked by Ricci Jones on Jul 30, 2024
Verified
What is the term for affirming a contract and surrendering the right to avoid a contract made while being a minor?
A) Ratification
B) Emancipation
C) Impairment
D) Duress
Ratification
The act of formally approving an agreement or contract, making it officially valid.
Disaffirmance
The right for minors to avoid contracts as a means of protecting against their own improvidence and against overreaching by adults.
- Identify the legal effects of ratification and how it impacts contracts entered into by minors.
Verified Answer
BW
Bryce WatkinsJul 31, 2024
Final Answer :
A
Explanation :
The act of affirming a contract and surrendering the right to avoid the contract is ratification.
Learning Objectives
- Identify the legal effects of ratification and how it impacts contracts entered into by minors.
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