Which of the Following Terms Refers to a Person's Ability

question 30

Multiple Choice

Which of the following terms refers to a person's ability to be bound by a contract?

• A) Legality
• B) Capacity
• C) Usability
• D) Negotiability
• E) Measurability

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Definitions:

Domestic Subsidies

Financial aid provided by a government to support a domestic industry or sector, reducing the cost of production or services for national companies.

Import Licensing

A government policy requiring businesses to obtain official permission before importing certain goods, often used to control the amount of goods entering a country.

European Works Council

A body representing European employees, established to provide information and consultation rights on transnational matters affecting workers in the European Union.

Collective Bargain

A method of discussion between employers and employee representatives aimed at achieving mutual agreements to govern work environments.