Examlex
Explain the basics of prospect theory and provide an example that illustrates this theory.
Contractual Capacity
The legal ability of a person or entity to enter into a binding contract, which generally requires them to be of a certain age and have a sound mind.
Informed Consent
A process by which a person voluntary confirms their willingness to participate in a particular activity, after having been informed of all the risks, benefits, and alternatives.
Legal Object
A purpose that does not violate a statute or public policy.
Coherence
The quality of being logical, consistent, and forming a unified whole.
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