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Andrew, a project manager in a multinational company, accepts a very challenging project from his client as he feels that the employees have the capacity for imagination, creativity, and ingenuity in them to complete the project. In this scenario, Andrew's attitude toward his workers is consistent with the assumptions of _____.
Contractual Capacity
The threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.
Contract
A contract is a legally binding agreement between two or more parties, enforceable by law.
Consideration
The value (such as money, service, or goods) exchanged between parties in a contract which makes the agreement legally binding.
Bilateral Contract
An agreement involving two parties where each promises to perform an act in exchange for the other's act.
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