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Under the Objective Theory of Contracts,the Intention to Enter into a Con?tract

question 55

True/False

Under the objective theory of contracts,the intention to enter into a con?tract is judged by objective facts as interpreted by a reasonable person.


Definitions:

Without Restriction

A term indicating that something can be used, accessed, or done freely without any limitations or conditions.

Creditors

Individuals or institutions to whom money is owed by debtors, or people who have borrowed money.

Shareholders

Individuals or entities who own one or more shares of stock in a corporation, making them partial owners of the company.

Dissolution

The process of legally dissolving or ending an entity, such as a corporation or partnership.

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