Examlex
Indirect costs can be specifically identified to a cost object.
Age of Majority
The legally recognized age at which an individual is considered an adult and can engage in civil activities without parental consent.
Legally Binding
Refers to agreements or promises that have legal force and can be enforced by law.
Capacity
The legal ability to enter into a binding contract.
Legal Capacity
The ability of an individual or entity to enter into legally binding contracts, make decisions, and be held accountable for them, often related to age, mental competency, and legal status.
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