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Concept
Contractual Authority
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Summary
Contractual Authority
refers to the
Legal power
or
Capacity of an individual
or entity to enter into a
Binding Contract
. It ensures that the
Parties involved
have the
Requisite legal standing
and
Competence to create enforceable obligations
and
Rights under the contract
.
Concepts
Legal Capacity
Agency Law
Binding Agreement
Enforceability
Authority Of Agents
Contract Law
Principal-Agent Relationship
Ultra Vires
Ratification
Authority To Contract
Relevant Degrees
Contract Law 60%
Statute Law 30%
Economic Law Subjects 10%
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