Examlex
Which of the following statements best describes what makes an effective leader-manager?
Contract Rights
Legal entitlements derived from agreements between parties, which outline obligations, benefits, and conditions agreed upon.
Assignable
Capable of being transferred or made over to the legal control of another party, commonly referring to rights or property under contract.
Donee Beneficiary
A third party who stands to benefit from the execution of a contract, although not a direct party to the agreement.
Life Insurance
A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.
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