Examlex
What are the sources of capacity? Illustrate your answer with examples.
First-Assignment-In-Time Rule
A rule which states that the first party granted an assignment is the party correctly entitled to the contractual right.
English Rule
A rule which states that the first assignee to give notice of assignment to the obligor is the party with rights to the contract.
American Rule
The American Rule is a legal principle stating that each party in a lawsuit is responsible for paying their own attorney's fees, unless specific authority granted by statute or contract allows the prevailing party to recover those fees from the loser.
Delegation of Duties
The process of assigning specific responsibilities or tasks to another individual, often within an organizational setting.
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