Asked by Grant Friesen on Jun 10, 2024
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Corporate bodies created by special legislation invariably lack capacity to enter into binding agreements.
Corporate Bodies
Corporate bodies are legal entities recognized by law as capable of rights and duties, separate from the individuals who form or manage them, typically referring to businesses or organizations.
Special Legislation
Laws that are made to meet specific needs or regulate particular issues, as opposed to general legislation that applies to broader situations.
Binding Agreements
Contracts or legal agreements that are enforceable by law, where all parties must adhere to the terms stated.
- Identify the regulatory framework governing corporate bodies and individual's contractual capacity.
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Learning Objectives
- Identify the regulatory framework governing corporate bodies and individual's contractual capacity.
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