The ________ is a rule that contracts should be interpreted according to the understanding that a reasonable person would have had at the time the agreement was made.

Question

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The objective intent approach is a rule of contract interpretation which holds that agreements should be interpreted according to the understanding that a reasonable person would have had at the time of the agreement. This approach focuses on the objective facts of the case, rather than the subjective intent of the parties.

The ________ Is a Rule That Contracts Should Be Interpreted