Two accomplished software developers want to combine their talents on a lucrative project offered by a large document storage firm.The developers will have their agreed roles and responsibilities incorporated into a formal contract to be prepared by their respective lawyers.Which of the following is a valid representation of the legal significance of the relationship between the parties that will be evidenced by the contract?
A) Each party will get exactly what it bargained for.
B) There has been a deliberate meeting of the minds.
C) Some of the parties to a contract can be sued under it.
D) No element of coercion exists between the contracting parties.

Question

Quizplus · Accepted Answer

A contract evidences a "meeting of the minds," meaning both parties have agreed to the terms knowingly and willingly. This is a fundamental principle of contract law, indicating mutual agreement and understanding of the contract's terms.

Two Accomplished Software Developers Want to Combine Their Talents on a Lucrative