objective theory of contract

objective theory of contract
A principle in U.S. law that the existence of a contract is determined by the legal significance of the external acts of a party to a purported agreement, rather than by the actual intent of the parties.

Dictionary from West's Encyclopedia of American Law. 2005.


objective theory of contract
A principle in U.S. law that the existence of a contract is determined by the legal significance of the external acts of a party to a purported agreement, rather than by the actual intent of the parties.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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