Contracts
Which of the following best describes 'mutual consent' (meeting of the minds) in contract law?
ABoth parties have read and signed the contract
BThe parties agree to the same essential terms — a genuine offer and an unconditional acceptance✓ Correct
CBoth parties are represented by attorneys
DBoth parties are present at the signing
Explanation
Mutual consent (or 'meeting of the minds') requires that both parties agree to the same material terms. It is formed through a valid offer and an unconditional acceptance. Any misunderstanding about essential terms prevents mutual consent from forming.
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