The basic concept that both parties to a contract should have agreed to the same terms is referred to as:

Question

Quizplus · Accepted Answer

Mutual assent is the basic concept that both parties to a contract should have agreed to the same terms. Bilateral agreement refers to the promise exchanged by both parties, Co-agreement is not a legal term, and Common intent may refer to something broader than just the agreement on contract terms.

The Basic Concept That Both Parties to a Contract Should