Asked by
Casey_ Holden
on Nov 09, 2024
Verified
Capacity is one of the four basic elements of a contract.
Capacity
The maximum level of output that a company can sustain to produce in a given period under normal circumstances.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of the parties involved.
- Understand the significance of capacity in contract law.
Verified Answer
OL
Learning Objectives
- Understand the significance of capacity in contract law.
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