The Objective Theory of Contracts Is Based on the Which

question 2

Multiple Choice

The objective theory of contracts is based on the which of the following premises?

• A) Even offers made in obvious jest can be the basis of a contract.
• B) Every contract must have a central object to it.
• C) Every contract must have consideration given by both parties.
• D) Whether the intent is present is based on how a reasonable person would view the parties' actions rather than on the actual intentions of the parties.
• E) The intent to be bound is determined after the parties have had a chance to perform the contract.

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Definitions:

Specific Theory

A detailed and precise theory that explains a particular phenomenon or aspect of a larger phenomenon.

Embedded Case Study

A method of research where the case study contains multiple units of analysis within a single case, allowing for detailed and complex analysis.

Research Questions

Specific questions that a study seeks to answer, guiding the research process and determining the focus of the investigation.