What is "mutual assent"?
A) an offer freely given by one party and freely accepted by the other party
B) both parties living up to a contractual agreement
C) both parties agreeing to settle a tort dispute through mediation rather than going to court
D) one party offering something of value to the other party

Question

Quizplus · Accepted Answer

Mutual assent refers to the agreement between two parties in a contract. It is essential that both parties freely give an offer and freely accept it, indicating their mutual agreement or consent to the terms of the contract.

What Is "Mutual Assent