Which of the Following Statements Is True of the Ratification

question 5

Multiple Choice

Which of the following statements is true of the ratification of a minor's contracts?

• A) A minor can ratify a voidable contract only if he/she is of legal age.
• B) Silence ratifies an executed contract after a minor attains majority.
• C) Ratification of a contract is plausible only if the minor has completed high school.
• D) A minor is allowed to ratify one part of a contract and disaffirm another.

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Definitions:

Segregating

The act of separating or setting apart from others or from the main body or group.

Implied Authority

Power not explicitly granted by a principal to an agent but deemed necessary to carry out expressly authorized duties.

Enforce Claims

The act of legally pursuing or demanding rights or commitments that have been agreed upon or are owed.

Apparent Authority

Apparent authority refers to a situation where someone appears to have, and reasonably is perceived by third parties to have, authority to act on behalf of another (the principal), even if such authority has not been formally granted.