Examlex
Compared to a sole proprietorship, which of the following is considered an advantage of a general partnership?
Mutual Assent
Mutual assent is a principle in contract law that states an agreement must involve a clear offer and acceptance between parties to be legally binding.
Consideration
In contract law, it refers to something of value exchanged between parties as part of a contract, required for the agreement to be legally binding.
Capacity
The legal ability, competency, or power to enter into a contract.
Legality
The state or quality of being in accordance with the law; adherence to the law.
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