How is a contract with a minor affected by the minors ratification of the contract?

Question:

How is a contract with a minor affected by the minor’s ratification of the contract?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials of Business Law

ISBN: 978-0078023194

9th edition

Authors: Anthony Liuzzo

See More Books

Question Posted: Oct 01, 2015 03:12 AM

See More Questions

How is a contract generally defined?
Cedric, a minor, enters into a contract with Diane. How might Cedric effectively ratify this contract?
How are suppliers affected by JIT?
Name one industry (retail, technology, biopharma, etc) that you find interesting and compelling and state why it attracts your interest. Lookup a public company in that industry - Who is it? Look at...
The Board of Grudgework Holdings has received a presentation supporting a 600,000 capital investment. The calculations for accounting rate of return, payback and discounted cash flows are shown...
A dipole that is free to move is placed near a fixed dipole, with the midpoint of the free dipole on the perpendicular bisector of the fixed dipole. The distance from the free dipole to the fixed one...
Consider the electronic inverter data in Table B.14. Delete the second observation in the data set. Split the remaining observations into prediction and estimation data sets. a. Find the minimum...
Bergamo Bays computer system generated the following trial balance on December 31, 2015. The companys manager knows something is wrong with the trial balance it does not show any balance for work in...
(a) (5 points) Convert the following NFA into equivalent DFA: 92 0 10 1 90 91 93 E E Figure 1: NFA 7.a (b) (5 points) Write down the Language recognized in 7a. 94 95 25
Decorum, Inc., manufactures high-end ceiling fans. Their sales are seasonal with higher demand in the warmer summer months. Typically, sales average 400 units per month. However, in the hot summer...
Indicate whether each of the following statements is true or false by writing T or F in the answer column. 1. A persons legal birthday is the same as the day on which his or her birthday is...
A minor is held legally responsible if he or she injures another person or another persons property. Would it make a difference if the injury were accidental?
Name the books of accounts required to be maintained by a company carrying on life insurance business.
Suppose a slot machine has three independent wheels as shown in Figure 13.10 on the following page. Find the probabilities. a. $P(3$ bars) b. $P(3$ bells ) c. $P(3$ cherries ) d. $P$...
Consider the experiment of selecting two items (without replacement) from a sample space of 100 , of which 5 items are defective. Let $A_{1}=\{$ first item selected is defective $\}$ and...
Use the following tree diagram to answer the questions in Problems 31-36. Find $P\left(C_{2} \mid B_{1}ight)$. B B B3 C C C C C C2 C3 Path number 1 2 3 4 5 6 7
The probability that the children in a specific family will have brown eyes is $\frac{3}{8}$. If there are four children in the family, what is the probability that at least two of them have brown...
Suppose the people in a room are divided into two groups as follows: Members: 15 men, 20 women, 0 children Nonmembers: 10 men, 8 women, 12 children A prize is given to one person who is selected at...
Maier Investment Corporation issued $700,000 of 6%, six-year bonds for $735,902 on July 1, 2017, the day the bonds were dated. The market interest rate was 5%. Interest is paid semiannually beginning...
Catalytic hydrogenation of naphthalene over PdC results in rapid addition of 2 moles of H 2 . Propose a structure for this product.
Study each of the following case. Answer the questions that follow with Yes or No. Nguyen, who was 17 years old, purchased a used boat, agreeing to pay for it in monthly installments over a two-year...
Study each of the following case. Answer the questions that follow with Yes or No. Nguyen, who was 17 years old, purchased a used boat, agreeing to pay for it in monthly installments over a two-year...
Study each of the following case. Answer the questions that follow with Yes or No. Voidable Contract Caroli, who was 17 years old, signed an agreement to buy a used computer from Egan for $150. While...
A project costs $80 MM, with 25% of the investment int in year 1 and the balance in year 2. The plant operates atates at 50% capacity in year 3 and then full capacity for the next next 20 years. The...
What is organizational Behaviour the study of? How is social sciences related to organizational behavior? What is the difference between social science and organizational behavior? What is the...
Describe the nature of organization change, including forces for change and planned versus reactive change

How is a contract with a minor affected by the minors ratification of the contract?

Question:

Step by Step Answer:

Once a minor reaches legal age a contract must be ei...View the full answer

Essentials of Business Law

Students also viewed these Business Law questions