If a Reasonable Period of Time Passes After a Minor

question 15

Multiple Choice

If a reasonable period of time passes after a minor reaches legal age and he or she has said nothing about disaffirming the contract, then in the eyes of the law it is considered as:

• A) disaffirmed.
• B) ratified.
• C) avoided
• D) a void contract.

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Definitions:

Escalation Of Commitment

A decision-making error in which individuals or groups continue to invest in a failing course of action based on the time, money, or resources they have already committed.

Systematic Way

An organized, methodical approach to procedures or activities, often characterized by order and planning.

Positive Mood

A psychological state characterized by feelings of joy, satisfaction, and increased energy.

Decision Making

The act of making choices by identifying a decision, gathering information, and assessing alternative resolutions.