The exercise of the power to avoid a contract is known as:
A) ratification.
B) disaffirmance.
C) ab initio.
D) restitution.

Question

Quizplus · Accepted Answer

Disaffirmance is the exercise of the power to avoid a contract. It is typically done by minors or individuals who lack capacity to contract. Ratification, on the other hand, is the act of accepting a contract that was previously not enforceable. Ab initio refers to something that is valid from the beginning, and restitution is the return of something that was lost or stolen.

The Exercise of the Power to Avoid a Contract Is