Examlex
When Troy measures his employees' performance and compares their performance against the goals he set for them, he is performing which of these functions?
Contractual Capacity
Contractual capacity refers to the legal ability of a party to enter into a contract, generally requiring them to be of sound mind and of legal age.
Binding Agreement
A contract or deal between two or more parties that is legally enforceable in a court of law.
Legal Ability
The capability or qualification to engage in a legal task or to perform legal duties, often requiring specific knowledge or licensing.
Statutory Law
Laws that have been formally written and passed by legislative bodies.
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