Examlex
Which of the following is the rationale behind letting the people responsible for attaining certain objectives have a voice in setting them?
Novation
The act of replacing one obligation with a new one, extinguishing the original obligation.
Ratification
Ratification is the formal approval or confirmation of an action or agreement, often used in the context of treaties, contracts, or laws.
Promoters
Individuals or companies responsible for establishing a corporation or business venture, including raising capital and completing legal formalities.
Personal Liability
involves an individual's legal responsibility for debts or obligations, potentially affecting personal assets.
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