What is meant by ratification in the context of contracts?

Ratification in the context of contracts refers to the approval of a contract after one party has reached the age of majority or after it has been executed. This concept typically applies to contracts that a minor has entered into while still underage. When a minor turns 18 (or the specified age of majority in a jurisdiction), they have the option to affirm or ratify contracts made during their minority. By doing so, they legally bind themselves to the terms of the contract, which they might have been able to disaffirm when they were still a minor.

Understanding ratification is important because it acknowledges that the legal capacity to enter into contracts changes as individuals reach adulthood. This principle also helps protect minors, allowing them to avoid contracts that may not be in their best interests but providing them with the opportunity to validate those contracts once they are able to make fully informed decisions.

The other choices present concepts that are not accurately aligned with the definition of ratification. For instance, dismissing a contract after legal review does not imply approval or validation of the contract, and verifying a contract before it is signed pertains to due diligence rather than ratification. Enforcement of a contract without consent contradicts the very essence of mutual agreement necessary for a valid contract. Thus, the correct