With respect to what the terms contained in a negotiated formal contract should ultimately be representative of,each parties' reasonable expectations will most likely be founded on which of the following?
A) that all of the parties to the contract have legal capacity to contract
B) the time period within which all obligations must be performed
C) that there has been a formal intention to create legal relations
D) the binding commitments that form the essence of the contract

Question

Quizplus · Accepted Answer

The terms of a negotiated formal contract should represent the binding commitments that form the essence of the contract, as these commitments reflect the parties' reasonable expectations and obligations.

With Respect to What the Terms Contained in a Negotiated