Contracts
Which of the following best describes 'mutual consent' (meeting of the minds) in contract formation?
ABoth parties must sign the contract in the presence of a notary
BBoth parties must agree to the same material terms — offer and acceptance must be mirror images✓ Correct
CThe broker must approve the final agreement before it is binding
DBoth parties must use a California-approved standard form
Explanation
Mutual consent (meeting of the minds) requires that the offer and acceptance agree on all material terms. If the acceptance changes any material term, it is a counteroffer, not an acceptance, and no contract is formed.
Related California Contracts Questions
- An offer is considered revoked when:
- What does 'time is of the essence' mean in a real estate contract?
- What is 'assignment' of a contract?
- In California, which type of deed gives the MOST protection to the buyer?
- Under California's parol evidence rule, when may extrinsic (outside) evidence be introduced to change the terms of a written contract?
- What is 'liquidated damages' in the context of a California residential purchase agreement?
- A contingency in a purchase contract:
- A contract signed by a minor (under 18) in California is generally:
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →