________ is governed by the objective theory of contracts.

Question

Quizplus · Accepted Answer

The objective theory of contracts is a legal doctrine that states that the intent to enter into a contract is demonstrated by objective, outward manifestations of agreement, rather than by subjective or hidden intentions. Therefore, agreement or mutual assent between the parties is an essential element of a contract and is governed by the objective theory of contracts. Consideration is also an important element of a contract, but it is not the only element governed by the objective theory. Open contracts, on the other hand, do not have a definite agreement or mutual assent, and may not be enforceable. Therefore, D is not the correct answer.

________ Is Governed by the Objective Theory of Contracts