Contract law is said to be based on a[n] ___________ theory,meaning that the existence and interpretation of the contract is based on the outward manifestations of intent by the parties.
A) Subjective
B) Objective
C) Interpretive
D) Appearing
E) Unilateral

Question

Quizplus · Accepted Answer

Contract law is based on an objective theory of contracts, which means we base the existence of a contract on the parties' outward manifestations of intent and we base its interpretation on how a reasonable person would interpret it.

Contract Law Is Said to Be Based on A[n] ___________