Understanding And Signing Contracts
From Open Risk Manual
Definition
Understanding And Signing Contracts. In the context of the Financial Competence Framework, Understanding And Signing Contracts is a topic in the Money And Transactions subject matter domain.[1]
Competences
Mastering the role of Understanding And Signing Contracts in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 104 | Understands the legal implications of signing a contract or agreeing to the terms and conditions when buying an asset, a product or service | Knowledge |
| 105 | Understands that an electronic signature can have the same legal value as a signature in person | Knowledge |
| 106 | If comfortable, signs contracts in paper or, where relevant, in electronic form | Skill |
| 107 | Checks financial records and contracts before filing them in an orderly and accessible way | Skill |
| 108 | If needed, willing to ask for advice before signing a contract in paper or, where relevant, in electronic form. | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
