Asked by TRINH NGUYEN PHUONG on Jul 30, 2024
Verified
Ratification makes a contract valid from its inception.
Ratification
The formal approval or confirmation of an act or agreement that was initially unauthorized, making it officially valid.
- Familiarize oneself with the legal stipulations regarding minors' confirmation and denial of contractual agreements.
Verified Answer
ZK
Zybrea KnightAug 06, 2024
Final Answer :
True
Explanation :
The act of affirming the contract and surrendering the right to avoid the contract is known as ratification.Ratification makes a contract valid from its inception.
Learning Objectives
- Familiarize oneself with the legal stipulations regarding minors' confirmation and denial of contractual agreements.