Explain the Concept of the Subjective Approach to Assigning a Required

question 38

Essay

Explain the concept of the subjective approach to assigning a required return to a project.

---

Definitions:

Condition

A specific requirement or stipulation that affects or determines the outcome or validity of a legal agreement.

Sum Certain

A fixed or determined amount of money specified in a legal document that is not subject to any conditions or contingencies.

Negotiable

Capable of being transferred or modified through discussion or upon reaching an agreement.

Oral Promise

An oral promise is a commitment or assurance given verbally rather than in written form, which may or may not be legally enforceable depending on the context.