Asked by Jacob Lovins on May 11, 2024
Verified
Mel agrees to work as a freight broker for National Shipping Inc. In determining whether a contract has been formed, an element of prime importance is the parties'
A) intent.
B) objectives.
C) subjective beliefs.
D) motives.
Intent
The purpose or mindset with which an individual acts, often relevant in determining the legal implications of their actions.
- Acquire insight into the fundamental components essential for structuring a legal contract, including offer, acceptance, and consideration.
Verified Answer
KB
Kathleen BennettMay 13, 2024
Final Answer :
A
Explanation :
The intent of the parties is a crucial element in determining whether a contract has been formed, as it indicates whether both parties agreed to the terms and intended to enter into a binding agreement.
Learning Objectives
- Acquire insight into the fundamental components essential for structuring a legal contract, including offer, acceptance, and consideration.