A Minor Can Ratify a Contract and Thus Make It

question 34

True/False

A minor can ratify a contract and thus make it enforceable.

Understand the concept and implications of spoofing in electronic communications.

Recognize the legal restrictions on polygraph and lie detector tests in the workplace.

Identify the circumstances under which postaccident testing is considered and its relevance to safety-sensitive positions.

Comprehend the rights of employers to require drug and alcohol testing under applicable laws.

---

Definitions:

Strict Foreclosure

A legal process by which the secured lender obtains the title to the mortgaged property without the sale thereof, when the borrower fails to meet the obligations.

Deficiency

The difference between the amount owed on a loan and the amount recovered from selling the asset securing the loan if the latter is less.

Mortgagor

A mortgagor is an individual or entity who borrows money to purchase property and pledges that property as security for the loan.

Mortgagee's Interest

The financial interest a lender has in the property serving as collateral for a loan until the mortgage is fully repaid.