If a Voidable Contract Is Ratified, Both Parties Are Released

question 25

True/False

If a voidable contract is ratified, both parties are released from it.

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Definitions:

Global Competition

Refers to the dynamic and competitive environment where businesses from different countries vie for consumers in international markets.

Coca-Cola

An American multinational beverage corporation known for its flagship product, a carbonated soft drink named after the company.

Pepsi-Cola

A globally recognized brand of carbonated soft drink manufactured by PepsiCo.

Soft Drink Industry

The soft drink industry encompasses companies and activities involved in producing, marketing, and selling non-alcoholic, typically carbonated beverages like sodas and fruit-flavored drinks.