The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.
A)objective theory of contracts
B)common law of contracts
C)Restatement of the Law of Contracts
D)Restatement (Second)of Contracts

Question

Quizplus · Accepted Answer

The objective theory of contracts is a principle used in contract law that states that the intent to form a contract will be judged by the reasonable person standard and not by the subjective intent of the parties. This means that the objective facts and circumstances of the situation will be used to determine whether a contract was formed, rather than the parties' intentions or beliefs. The other choices mentioned (B, C, and D) are related to contract law, but do not specifically relate to the objective theory of contracts.

The ________ States That the Intent to Contract Is Judged