Under the objective theory of contracts, a contract is not enforceable without a clearly defined objective.

Question

Quizplus · Accepted Answer

Under the objective theory of contracts, enforceability is determined by the outward manifestations of intent by the parties to form a contract, rather than their internal, subjective intentions. A contract does not require a "clearly defined objective" but must meet elements such as offer, acceptance, consideration, and mutual assent.

Under the Objective Theory of Contracts, a Contract Is Not