________ theory in contract law, means that the existence and interpretation of the contract is based on the outward manifestations of intent by the parties.

A) Appearance
B) Objective
C) Subjective
D) Bilateral
E) Communication

Objective Theory

A legal principle stating that the intent in creating a contract is determined by the reasonable interpretation of the parties' actions and statements rather than individual subjective intentions.

Outward Manifestations

Refers to the actions or expressions by parties in a contract that show their intention to enter into the agreement.

Contract Law

The branch of law dealing with the formation, performance, and enforcement of agreements between parties.