Under the objective theory of contracts,a contract could result from an offer made:
A) by someone who was clearly intoxicated.
B) by someone who clearly had Alzheimer's disease.
C) due to a need to sell an item quickly.
D) due to fraud.
E) under duress.

Question

Quizplus · Accepted Answer

The objective theory of contracts focuses on the external, objective circumstances surrounding the offer and acceptance, rather than the subjective intentions of the parties. Therefore, if a person makes a valid offer to sell an item quickly and the other party accepts it, a contract could result regardless of the motivations behind the offer.

Under the Objective Theory of Contracts,a Contract Could Result from an Offer