Under what circumstances would a judge determining a remedy to a commercial dispute consider that a contract does not exist even though all of the required elements of reaching an agreement are present?

Question

Quizplus · Accepted Answer

If there is a phrase indicating that the agreement is subject to a formal contract, it could suggest that the parties did not intend to be legally bound until the formal contract is signed. Therefore, a judge may determine that a contract does not exist until the formal contract is executed.

Under What Circumstances Would a Judge Determining a Remedy to a Commercial