“Under section 11 a minor is not competent to contract he is disqualified from contracting. He can, therefore, neither make avlid proposal nor make a valid acceptance as defined in section-2, clause (a) and (b). He cannot, therefore, for the purposes of this Act be strictly called a ...
affirmation of a previous and unauthorized Act; ratification has the effect of putting the Act in the same position as if it had been originally authorized. For example, the confirmation or ratification by a principal of an unauthorized contract entered into by his agent. Collins Dictionary of La...
What are the key areas in which contract law has evolved from traditional concepts to addressing equitable solutions or complex modern-day transactions and structures? Explain the basic prohibitions on trade practices of the Sherman Anti-Trust Act, the Clayton Act, and the Robinson-Patman Act. ...
The term “ratification” describes the act of making something officially valid by signing it or otherwise giving it formal consent. For example, ratification occurswhen parties sign a contract. The signing of the contract makes it official, and it can then be enforced by law, should the need...
Authorization and AuthorityEach Lender hereby irrevocably appoints Citibank, N.A. to act on its behalf as the Agent hereunder and under the Notes and authorizes the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, togethe...
Effect of Supplemental IndenturesUpon the execution of any supplemental indenture under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or th...
Contract LawContract RatificationTender-Back DoctrinesTitle VIIIf an employee releases her claims under Title VII of the Civil Rights Act of 1964 (Title VII), but her assent to the release is not "voluntary and knowing," thO'Gorman, Daniel P...