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A Minor's Ratification of a Contract Must Be Express and Cannot

question 80

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A minor's ratification of a contract must be express and cannot be implied.


Definitions:

Interest Rate

The cost of borrowing money, usually expressed as a percentage of the total amount loaned.

Years From Now

A future point in time referenced from the present moment, often used in planning and projections.

Interest Rate

The fraction of a loan incurred as interest cost to the borrower, often expressed annually as a percentage of the total loan amount still due.

Interest Rate

The cost of borrowing money or the reward for saving, usually expressed as a percentage of the principal amount per annum.

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