Question

The objective theory of contracts:_________. a. maintains the importance of going beyond what was openly said or manifested by conduct to determine whether a contract has been formed. b. means that a party's intention to enter into a legally binding agreement is judged by outward, objective facts as interpreted by a reasonable person. c. maintains the importance of the subjective intentions of the parties involved. d. is a theory concerning the objectionable aspects of contract disputes.

Answer 1

The objective theory of contracts: b. means that a party's intention to enter into a legally binding agreement is judged by outward, objective facts as interpreted by a reasonable person.

Step-by-step explanation:

The objective theory of contracts, as the name implies, does not pay much attention to subjectivity. According to this theory, contracts are legal agreements with binding powers. If a third party, someone who is not a part in the contract, can see that there was indeed an offer being made and accepted by the parties in the contract, then that contract is is a legally binding one. What matters are objective facts that can be interpreted by any reasonable person.