Ted Failed to Disaffirm a Contract During His Minority or Within

question 87

Multiple Choice

Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority.The contract was automatically:

• A)ratified.
• B)rescinded.
• C)set aside.
• D)made voidable at the option of the minor.

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Definitions:

Developing Countries

Countries considered to be on the road to industrialization.

Global South

A term used to describe countries considered to be among the less developed and often poorer nations, primarily located in the Southern Hemisphere.

Third World

A term originally used to describe countries that were not aligned with either the capitalist NATO bloc or the communist Eastern bloc during the Cold War, now often referring to developing countries.

Socio-Cultural Changes

Alterations in societal values, norms, and practices due to factors like technological advancements, economic shifts, and cultural exchanges.