Delia enters into, and fails to disaffirm soon after reaching the age of ma?jority, a contract with Electronics Stores, Inc. (ESI). Later Delia attempts to disaffirm the contract. ESI files a suit against her. The court will most likely consider the contract ratified if it is
A) executed.
B) executory.
C) executed or executory.
D) neither executed nor executory.

Question

Quizplus · Accepted Answer

A contract is considered executed if all the terms have been fulfilled, whereas it is considered executory if some terms are yet to be fulfilled. In this case, if the contract with ESI is executed, meaning all the terms have been fulfilled, then Delia cannot disaffirm the contract and the court will likely consider it ratified. Therefore, choice A is the most appropriate answer.

Delia Enters Into, and Fails to Disaffirm Soon After Reaching