The reasonable person standard is used to decide whether an express contract exists under the:

Question

Quizplus · Accepted Answer

The reasonable person standard is used to determine whether there is a meeting of the minds between the parties, which is a requirement for the formation of an express contract under the objective theory of contracts. This standard involves examining whether a reasonable person in the position of the parties would have believed that a contract was created based on their words and actions.

The Reasonable Person Standard Is Used to Decide Whether an Express