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According to the Acceptance Theory of Authority

question 66

Multiple Choice

According to the acceptance theory of authority:


Definitions:

Substitute Contract

A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.

Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.

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