Examlex
The formal structure of an organization is primarily put in place to
Capacity
In legal terms, the ability to understand the nature and effects of one's actions, specifically in forming contracts or executing wills.
Assignable
Refers to the capability of transferring rights or interests in a contract or financial instrument to another party.
Revoked
The act of officially canceling or rescinding a legal right, license, permission, or privilege.
Firm Offer
A binding proposal to sell or buy goods that holds the offering party to its terms for a certain period.
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