Sales Corporation and Real Estate Inc. negotiate an agreement under which only one of the parties can elect to avoid any duty to perform or to ratify the deal. With respect to this arrangement as a contract, if ratified, both parties

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When a contract is ratified, especially in a situation where only one party has the option to avoid duty or ratify the deal, both parties are then bound to perform their respective legal obligations as outlined in the contract. This means they must fulfill the terms and conditions to which they agreed.