According to the objective theory of contracts, the intent to enter into an express or implied-in-fact contract is judged by the ________.
A) doctrine of equity
B) legality of the contract
C) reasonable person standard
D) common law of contracts

Question

Quizplus · Accepted Answer

The objective theory of contracts states that the intent to enter into a contract should be judged by the reasonable person standard. This means that a contract is formed based on the parties' objective manifestations of intent, not on what they may have subjectively intended. The other options, such as doctrine of equity, legality of the contract, and common law of contracts, may be relevant to contract formation and interpretation, but they are not the primary means by which intent is judged under the objective theory.

According to the Objective Theory of Contracts, the Intent to Enter