231k views
2 votes
At age seventeen, Luke Skywalker enters into a contract to buy a dozen movies from eHD Stream, Inc., an online video service. Soon after reaching the age of majority, Luke attempts to disaffirm the contract. eHD files a suit against him. The court will most likely consider the contract ratified if it is _________.

User Kircheis
by
8.3k points

1 Answer

6 votes

Answer:

Executed

Step-by-step explanation:

Ratification of a contract refers to formally approving a contractual obligation. To dis-affirm refers to back out of a contract wherein the parties to it return the consideration.

A minor, an individual below the age of eighteen years does not have capacity to a valid contract. A minor may void a contract before attaining majority.

When a contract has been signed by both the parties to it, with transaction closed, the contract shall be termed as executed.

In the given case, Luke a minor entered a contract to buy movies. Later upon attaining majority, Luke decides to disaffirm i.e not honor it. The contract in such a scenario shall be considered as formally approved i.e ratified by both parties if it was executed.

In such a case, Luke will have to honor the contract since the disaffirmation period i.e before his attaining majority has lapsed.

User Irvin Sandoval
by
7.5k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.