Examlex
In Victor Vroom's expectancy theory of motivation, expectancy refers to the person's belief that working hard will result in achieving a desired level of task performance.
Personal in Nature
Refers to anything related to or affecting a person individually, rather than businesses or entities.
Condition Precedent
A condition in a contract that must be met before a party's promise becomes enforceable.
Parol Evidence Rule
A legal principle that prevents parties to a written contract from presenting extrinsic evidence of terms that contradict or modify the written terms of the contract.
Obligor
A person or entity legally bound to provide a benefit or payment to another under the terms of a contract.
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