Asked by
Emily Pease
on Nov 21, 2024
Verified
Gordon is 17 years old. He enters into a contract with Constance for a new stereo system. When Gordon turns 18, he moves away to college, taking the stereo system with him. This is a form of:
A) express disaffirmance.
B) implied disaffirmance.
C) a contract for necessities.
D) implied ratification.
E) express ratification.
Implied Ratification
The acceptance and endorsement of a previously unauthorized act by acting in a manner that recognizes it as valid or by failing to repudiate it.
Express Ratification
The explicit approval or confirmation of an act or contract that was initially unauthorized or in need of validation.
- Recognize the conditions under which a contract may be ratified and understand the consequences of ratification or disaffirmance on the legal status of contracts involving minors.
Verified Answer
SJ
Learning Objectives
- Recognize the conditions under which a contract may be ratified and understand the consequences of ratification or disaffirmance on the legal status of contracts involving minors.