Asked by Amber Glenn on May 07, 2024
Verified
If an adult has given something of value to a minor under a contract,the minor must disaffirm within ________ after reaching majority,otherwise the minor runs the risk of ratifying the contract.
A) a month
B) a reasonable time
C) a year
D) 48 hours
Ratifying the Contract
The act of formally confirming or approving an agreement to make it officially valid.
After Reaching Majority
A legal status attained when an individual has reached the age of majority, which is considered the threshold of adulthood and conveys full legal rights and responsibilities.
- Acquire a deep understanding of the steps and significance of disaffirmance as it pertains to contract law.
Verified Answer
KP
Kelsey PerryMay 08, 2024
Final Answer :
B
Explanation :
If the adult has relied on the contract or has given something of value to the minor,the minor must disaffirm within a reasonable time after reaching majority.If she delays longer than a period of time that is considered to be reasonable under the circumstances,she will run the risk of ratifying (affirming)the contract.
Learning Objectives
- Acquire a deep understanding of the steps and significance of disaffirmance as it pertains to contract law.
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