Question: 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

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 the following has occurred?

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:

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:

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:

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....

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:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

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:

Your client is Jon Jake, the executor of the Estate of Beth Adams, a widow. Mrs. Adams died 11 years after the death of her husband, Sam. Mr. Jake seeks assistance in the preparation of the estate...

Q:

Determine V out as a function of I (provided by a current source) and the resistor values for each of the op amp circuits that follows. Assume ideal op amp behavior. rn a. b. R1

Q:

5. Which conditional jump instruction is equivalent to the JNGE instruction?

Q:

Why frequent trading in general is not a good way to build long-term wealth?