Asked by Kibre Dubiso on Jun 21, 2024
Verified
Ratification of a contract with a minor has to be expressly made only in written form.
Ratification
The process by which an agreement or decision is officially confirmed or approved.
Written Form
The requirement or preference for information, agreements, or documentation to be expressed and recorded in writing, often for legal, formal, or practical reasons.
- Recognize the legal concepts of ratification and disaffirmation of contracts by minors.
Verified Answer
AC
Addie ComerfordJun 28, 2024
Final Answer :
False
Explanation :
There are no formal requirements for ratification.Any of the former minor's words or acts after reaching majority that indicate with reasonable clarity his intent to be bound by the contract are sufficient.Ratification can be expressed in an oral or written statement,or,as is more often the case,it can be implied by conduct on the part of the former minor.
Learning Objectives
- Recognize the legal concepts of ratification and disaffirmation of contracts by minors.