Asked by Katie Uittenbogaard on May 08, 2024
Verified
Which of the following statements about the objective theory of contracts is false?
A) The objective standard looks to the offeror's words,acts,and the circumstances signifying about his intent.
B) If a reasonable person familiar with the circumstances would be justified in believing that the offeror intended to contract,the intent requirement is satisfied.
C) The objective standard is often unpredictable and creates inconsistent results.
D) A court could find that intent existed even if the offeror says that he did not intend to contract.
Objective Theory
A legal principle stating that the terms of a contract are interpreted based on external expressions (actions, words) rather than internal intentions.
Offeror's Words
The specific language or phrasing used by the person making an offer in a contract scenario, which can impact the terms and acceptance of the contract.
Intent Requirement
A legal principle that requires establishing a person's specific intent or purpose to commit a crime or execute a legal act.
- Execute the objective theory of contracts and note variances from basic principles of contracts.
Verified Answer
MR
Mario RivasMay 10, 2024
Final Answer :
C
Explanation :
The desire to meet the needs of the marketplace by affording predictable and consistent results in contracts cases dictated a shift toward an objective theory of contracts.Following the objective theory of contracts,then,an offeror's intent will be judged by an objective standard-that is,what his words,acts,and the circumstances signify about his intent.If a reasonable person familiar with all the circumstances would be justified in believing that the offeror intended to contract,a court would find that the intent requirement of an offer was satisfied even if the offeror himself says that he did not intend to contract.
Learning Objectives
- Execute the objective theory of contracts and note variances from basic principles of contracts.