Ratification Consists of Any Words or Conduct of a Former

question 26

True/False

Ratification consists of any words or conduct of a former minor manifesting an intent to be bound by the terms of a contract made while a minor.

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Definitions:

Distributor Firms

Distributor firms are companies specialized in distributing products from manufacturers to retailers or directly to consumers.

Mass Production

The manufacture of large quantities of standardized products, often using assembly lines or automated technology.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.

Substantial Decentralization

The process or policy of distributing or dispersing functions, powers, people, or things away from a central location or authority.