Contracts
What does 'mutual assent' mean in the context of an Idaho real estate contract?
ABoth parties must have an attorney review the contract
BBoth parties must agree to the same terms (offer and acceptance) — also called 'meeting of the minds'✓ Correct
CBoth parties must be present at the same location to sign
DThe parties must mutually agree to use the same closing company
Explanation
Mutual assent (meeting of the minds) requires that both parties agree to the exact same terms — offer and acceptance must be on identical terms. Without mutual assent, there is no valid contract.
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