Question: A ( n ) ratification occurs when, after reaching the age of majority, a person states that he or she intends to be bound by

A(n)
ratification occurs when, after reaching the age of majority, a person states that he or
she intends to be bound by a contract.
voidable
void
express
implied
A(n) ratification occurs when, after reaching the age of majority, a

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:

A ( n ) ratification occurs when, after reaching the age of majority, a person states that he or she intends to be bound by a contract: express void implied voidable A ( n ) ratification occurs when,...

Q:

A ( n ) ratification occurs when, after reaching the age of majority, the person states she intends to be bound by the contract entered into as a minor. ( Select BEST answer ) express equitable...

Q:

A ( n ) , ratification occurs when, after reaching the age of majority, a person states that he or she intends to be bound by a contract. void voidable express implied

Q:

When, after reaching the age of majority, the person states orally or in writing that he or she intends to be bound by the contract entered into as a minor, there is a ( n ) _ _ _ _ _ _ _ _ blank....

Q:

An q , occurs when, after reaching the age of q , the person states orally or in writing that he or she intends to be bound by the contract entered into as a minor. express consent; 2 5 express...

Q:

1. Which of the following is a false statement? A.An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act. B.Under the...

Q:

QUESTION 1 Which of the following is a true statement? A.Offensive speech is generally considered to be unprotected speech. B.Commercial speech generally is not protected by the Constitution since it...

Q:

Which of the following is least likely to be used in a contract to take into account the possibility of future changes in the price of raw materials to be supplied in a 10-year contract? a formula...

Q:

Completion Status: QUESTION 4 Wanda at age 17 purchased an expensive stereo system from Stereo Sales. If Wanda wishes to ratify this contract, Wanda: a. must reach the age of majority and ratify the...

Q:

In this appeal, we consider whether a contract for legal services entered into on behalf of a minor is voidable upon a plea of infancy or subject to enforcement as an implied contract for necessaries...

Q:

The Skimmer Boat Company manufactures the Water Skimmer bass fishing boat. The company purchases the engines it installs in its boats from the Mar-gine Company, which specializes in marine engines....

Q:

The following data show four items from the financial statements of two companies for a recent year (amounts in millions of US$): a. Compute the rate of return on assets for each company and...

Q:

For questions, use the button on your calculator. Fu and Fern use different methods to work out the answer to this question. Work out the diameter of a circle with circumference 16.28 cm. Give your...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...