Asked by Karla Rosas on May 13, 2024

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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.
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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.