Asked by Shauna Joplin on May 07, 2024
Verified
Which of the following is most likely to constitute ratification of a contract made by a minor?
A) Not performing one's duties under the contract after reaching the age of majority.
B) Nonperformance of the other party to the contract after the age of majority.
C) Failing to disaffirm a completely executory contract within one month after the age of majority.
D) Making an oral statement that "I will ratify the contract."
Ratification
The formal approval or confirmation of an act or agreement, making it officially valid.
Age of Majority
The legally recognized age at which an individual is considered an adult, capable of voting, entering into contracts, and performing other civil duties.
- Comprehend the legal bases for minors' ratification and nullification of contracts.
Verified Answer
HR
Hannah RussellMay 11, 2024
Final Answer :
C
Explanation :
A former minor's acceptance or retention of benefits given by the other party for an unreasonable time after he/she has reached majority can constitute implied ratification.Also,a former minor's continued performance of his/her part of the contract after reaching majority has been held to imply his/her intent to ratify the contract.
Learning Objectives
- Comprehend the legal bases for minors' ratification and nullification of contracts.