Asked by Yasmine Bedjaoui on May 04, 2024
Verified
________ that have not been fully performed by both parties,may be repudiated by a minor at any time.
A) Contracts for necessaries
B) In pari delicto contracts
C) Executed contracts
D) Executory contracts
Executory Contracts
Contracts under which both parties to the agreement have unfulfilled obligations that remain to be performed.
Repudiated
Refused to accept or be associated with; to reject a proposal, idea, or relationship, often legally or formally.
- Identify the distinctions among several classifications of contracts and their potential for annulment when signed by minors.
Verified Answer
BS
Betty SheerohMay 09, 2024
Final Answer :
D
Explanation :
An executory contract is a contract that has not been fully performed by both parties. Minors have the ability to repudiate or cancel an executory contract at any time, as they have not yet fully committed to the obligations of the contract.
Learning Objectives
- Identify the distinctions among several classifications of contracts and their potential for annulment when signed by minors.