The reasonable person standard is used to decide whether an express contract exists under:
A) quasi-contract.
B) the objective theory of contracts.
C) standard offer requirements.
D) the federal guidelines for contract formation.
E) nondisclosure rules.

Question

Quizplus · Accepted Answer

The reasonable person standard is used in the objective theory of contracts, which focuses on the parties' objective manifestations of assent rather than their subjective intent. Therefore, the standard helps to determine whether there was a meeting of the minds, and thus an express contract, between the parties.

The Reasonable Person Standard Is Used to Decide Whether an Express