In Contract Law, Intent Is Determined by the Secret, Subjective

question 48

True/False

In contract law, intent is determined by the secret, subjective intent, or belief, of a party.

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Definitions:

Decision-Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Representativeness Heuristic

Bases a decision on similarities between the situation at hand and stereotypes of similar occurrences.

Stereotypes

Oversimplified and generalized beliefs about a group of people that often do not reflect reality.

Programmed Decisions

Decisions that are made following established guidelines or procedures, typically for routine and recurring situations.