What is the term for a minor's expression of intention to become bound by a contract?

The correct term for a minor's expression of intention to become bound by a contract is ratification. In the context of contract law, when a minor enters into a contract, that contract is typically voidable at the minor’s discretion. However, once the minor reaches the age of majority, they can choose to ratify the contract, which means they affirm their intention to be bound by the contractual terms. This ratification can occur explicitly (for example, by stating that they agree to the contract) or implicitly (by acting in accordance with the terms of the contract after reaching adulthood).

Understanding the concept of ratification is crucial, as it illustrates how the law provides minors with a degree of protection while also giving them the option to affirm agreements they consider beneficial once they are legally recognized as adults. This differentiation is essential in ensuring that minors are not unduly taken advantage of in contractual agreements.