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The criteria that parties to a contract must be in agreement is also known as

A: Consideration
B: Legality
C: Mutual Assent
D: Capacity

1 Answer

6 votes

Answer:

C: Mutual Assent.

Step-by-step explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties.

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