Question: A ( n ) occurs when a former minor does not specifically state that he affirms a contract entered into as a minor, but takes

A(n) occurs when a former minor does not specifically state that he affirms a contract entered into as a minor, but takes some action that is consistent with an intent to ratify the contract.
implied novation
implied ratification
disaffirmance
express ratification
A(n) occurs when a former minor does not specifically state that

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

QUESTION 2 Which of the following is the rule in many states regarding a minor's misrepresentation of his or her age? a. That if a competent party relies on a misrepresentation in good faith, the...

Q:

39. Because their contracts are a reasonable time after reaching the age of majority, to avoid their contracts. minors have the right, until a. void; resist b. voidable; affirm c. void; disaffirm d....

Q:

When a former minor does not specifically state that he or she affirms a contract entered into as a minor, but takes some action that is consistent with the intent to ratify the contract, which of...

Q:

When a former minor does not specifically state that he or she affirms a contract entered into as a minor, but takes some action that is consistent with the intent to ratify the contract, which of...

Q:

When a former minor does not specifically state that he or she affirms a contract entered into as a minor, but takes some action that is consistent with the intent to ratify the contract, which of...

Q:

When a former minor does not specifically state that he or she affirms a contract entered into as a minor, but takes some action that is consistent with the intent to ratify the contract, which of...

Q:

When a former minor does not specifically state that he or she affirms a contract entered into as a minor, but takes some action that is consistent with the intent to ratify the contract, which of...

Q:

An implied acceptance of a contract occurs when a former minor takes some action after reaching the age of majority that is consistent with an intent to contract. revoke ratify reject rescind An...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

Select a state regulation from a state of your choice on the following topic: Alcohol and drug treatment varies widely across states. Select a state and note the specific regulations about drug...

Q:

The following table provides the end of year prices and dividend information for GDUB stock. At the end of each year 2014 to 2018, an investor purchases 100 shares of GDUB. At the end of 2019,the...

Q:

The chief financial officer (CFO) of Greenstem Corporation requested that the accounting department prepare a preliminary balance sheet on December 30, 2010, so that the CFO could get an idea of how...

Q:

Question 2 5 The objective of Capital Budgeting is to: Select all Independent Projects that exceed the MARR Make Maximum Use of Scarce Resources Maximize Return on Project Investments Using s...

Q:

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...

Q:

How many owner operators are in the industry?

Q:

Your ever faithful assistant deserves without a doubt a substantial raise.

Q:

Argentina, Brazil, Mexico these are the countries we hope to concentrate on.