Asked by Eskarlin Sanchez on Jul 27, 2024
Verified
Which of the following ends the right to rescind a voidable contract?
A) Acquiescence
B) Ratification
C) Concealment
D) Assertion
Voidable Contract
A contract that may appear legally valid but can be rejected by one of the parties without legal consequence due to certain defects.
Ratification
The act of formally approving an agreement or decision, making it officially valid, often after the fact.
Acquiescence
Silent or passive acceptance or agreement without protest.
- Recognize valid grounds for the remedy of rescission in contract disputes.
Verified Answer
FT
Filiana TanotoAug 01, 2024
Final Answer :
B
Explanation :
Ratification of a voidable contract means that the person who had the right to rescind has elected not to do so.Ratification ends the right to rescind.
Learning Objectives
- Recognize valid grounds for the remedy of rescission in contract disputes.