If a Minor Ratifies a Contract While Still Being a Minor

question 31

True/False

If a minor ratifies a contract while still being a minor, the contract cannot be disaffirmed.

---

Definitions:

Residential Building Lot

A parcel of land designated for the construction of a single-family home or multiple residential units.

Insurance Benefit

A payment or service provided by an insurance company to the policyholder or a designated recipient under the terms of an insurance policy.

Lump Payment

Lump Payment is a single payment made at a particular time, in contrast to multiple payments made over time.

Compounded Monthly

Monthly calculation of interest that factors in the original principal and also the accumulated interest from the past periods.