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

Question

Quizplus · Accepted Answer

The objective theory of contracts states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties. The Restatements of the Law of Contracts and the Restatement (Second) of Contracts are resources used to provide guidance and clarity in the law of contracts, but they are not the specific theory that addresses intent to contract. Common law of contracts refers to the body of case law that has developed over time in contract disputes.

The ________ States That the Intent to Contract Is Judged