Bobbie Claims That Carly Breached Their Contract

question 56

Multiple Choice

Bobbie claims that Carly breached their contract. Carly responds that she never intended to enter into a contract with Bobbie. The intent to enter into a contract is determined with reference to

• A)the conscious theory of contracts.
• B)the objective theory of contracts.
• C)the personal theory of contracts.
• D)the subjective theory of contracts.

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Definitions:

Household Income

The combined gross income of all members of a household, used for various financial assessments.

Wage Income

Earnings received from an employer for labor or services performed, typically calculated on an hourly, daily, or piecework basis.

Form W-2

The form used by employers to report an employee's annual wages and the amount of taxes withheld from their paycheck.

Form 1099-G

A tax form used to report certain types of payments, including unemployment compensation, state or local income tax refunds, and other government payments.