Question: An implied occurs when a former minor takes some action after reaching the age of majority consistent with intent to ratify a contract. disaffirmance rescission

An implied occurs when a former minor takes some action after reaching the age of majority consistent with intent to ratify a contract.
disaffirmance
rescission
ratification
denunciation
An implied occurs when a former minor takes some action after

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:

An aircraft engine is fitted with a single-sided centrifugal compressor. The aircraft flies with a speed of 230 m/s at an altitude where the pressure is 0.23 bar and temperature 217 K. The intake...

Q:

Which of the following occurs when a former minor takes some action after reaching the age of majority consistent with the intent to ratify a contract? Multiple choice question. Express renunciation...

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:

A ( n ) ratification occurs when a former minor takes some action after reaching the age of majority that is consistent with an intent to ratify the contract. implied express symbolic constructive

Q:

A ( n ) ratification occurs when a former minor takes some action after reaching the age of majority that is consistent with an intent to ratify the contract. express symbolic implied constructive

Q:

A(n) Blank______ ratification occurs when a former minor takes some action after reaching the age of majority that is consistent with an intent to ratify the contract.

Q:

For a contract to be valid, the parties must have legal capacity to contract. Capacity is the legal ability to enter into a contract. Society does not want to hold vulnerable parties to obligations...

Q:

For a contract to be valid, the parties must have legal capacity to contract. Capacity is the legal ability to enter into a contract. Society does not want to hold vulnerable parties to obligations...

Q:

is it True (T) or False (F)? 1. All agreements are contracts, but not all contracts are agreements. T F 2. All contracts are agreements and all agreements are contracts. T F 3. Written contracts must...

Q:

(True/False) 13. Today, threats to economical interests can result in a claim of duress. 14. In general, the identity, existence, quality, and value of an item are not "basic assumptions.'' 15. A...

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:

Tax administration allows for cross-border transactions. To this end, entities conduct businesses across countries as a way of increasing their competitiveness and international appeal and...

Q:

The photoelectric work function of a metal is the minimum energy required to eject an electron by shining light on the metal. The work function of calcium is 4.60 1019 J. What is the longest...

Q:

Under the sixth step ( Track Outcomes ) of the IMPACT model used to implement Data Analytics in the audit, auditors would: Multiple choice question. identify attributes and elements that are...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...