Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'legal capacity'?

A. institutionalized and legal power inherent in a particular job, function, or position that is meant to enable its holder to successfully carry out his or her responsibilities, where such power has been delegated through some formal means
B. the capability to carry out certain actions or to have certain rights together with the resources to do so
C. demand or assertion made by one party on another, based on facts that, taken together, give rise to a legally enforceable right or judicial action
D. the ability to be sued at law

Answer: the capability to carry out certain actions or to have certain rights together with the resources to do so