Asked by Mitchell Kramer on Apr 26, 2024
Verified
If a[n] ________ misunderstanding between the parties exists, and as a result of that misunderstanding the parties do not really come to a meeting of the minds, there is no contract.
A) Mutual
B) Unilateral
C) Comprehensive
D) Subjective
E) Reasonable
Mutual Misunderstanding
Mutual misunderstanding occurs when two or more parties have differing interpretations or perceptions about an agreement or situation.
Meeting of the Minds
A mutual agreement or consent among parties in a contract, indicated by a clear understanding and acceptance of essential terms and conditions.
Contract
A legally-binding agreement between two or more parties that outlines obligations and privileges.
- Comprehend the origins of contract law and identify the various categories of contracts and agreements.
Verified Answer
TM
Traveon MurrayApr 27, 2024
Final Answer :
A
Explanation :
Mutual misunderstanding between the parties means that both parties have a different understanding of the agreement, which can prevent the formation of a contract since a "meeting of the minds" is necessary for a contract to be valid.
Learning Objectives
- Comprehend the origins of contract law and identify the various categories of contracts and agreements.