Asked by
Katrina Scurr
on Nov 29, 2024
Verified
Oswald, a minor, makes a contract with Albert, an adult, to buy a motorcycle. One week later, Oswald has his eighteenth birthday and shortly thereafter tells Albert he will pick up the motorcycle next week. In this case:
A) Oswald has expressly ratified the contract.
B) the contract must be renegotiated, because Oswald was a minor when it was made.
C) Oswald can change his mind and avoid the contract, because it was made when he was a minor.
D) the contract is void ab initio , because Oswald was a minor at the time it was made.
Ratified
Confirmed or made official by formal consent or approval, typically used in the context of constitutional amendments or treaty agreements.
Void Ab Initio
A term referring to an agreement or contract that is considered invalid from the outset, as if it never existed.
- Pinpoint the situations that permit a minor's ratification of a contract and the consequences that follow this ratification.
Verified Answer
TL
Learning Objectives
- Pinpoint the situations that permit a minor's ratification of a contract and the consequences that follow this ratification.