Asked by Karla Rosas on May 13, 2024
Verified
For a valid contract, courts insist on a ________.
A) meeting of the parties
B) meeting of the minds
C) mutual meeting
D) contractual meeting
E) meeting of assent
Valid Contract
An agreement that meets all legal requirements, including offer, acceptance, consideration, and the intention to create a legal relationship, thereby enforceable by law.
Courts
Institutions that administer justice through the interpretation and application of laws.
- Understand the basic principles and requirements for the formation of a valid contract.
Verified Answer
AR
Ahmed RagehMay 15, 2024
Final Answer :
B
Explanation :
A valid contract requires a "meeting of the minds," which means that all parties involved understand and agree to the terms of the contract. This concept is essential for the formation of a legally binding agreement.
Learning Objectives
- Understand the basic principles and requirements for the formation of a valid contract.