Contracts
The phrase 'meeting of the minds' in contract law refers to:
ABoth parties consulting the same attorney
BMutual agreement and genuine assent to the same contract terms by both parties✓ Correct
CA formal mediation session between buyer and seller
DBoth parties signing the same document simultaneously
Explanation
A 'meeting of the minds' (mutual assent) means both parties genuinely agree to the same essential terms. Without this, there is no valid contract.
Related Massachusetts Contracts Questions
- In Massachusetts, when a purchase agreement is 'executory,' who bears the risk of loss from casualty (fire, flood) while the contract is pending?
- Under Massachusetts law, a commercial lease's 'operating expense exclusions' typically include which of the following?
- A Massachusetts Purchase and Sale Agreement typically gives the buyer how many days after the Offer to Purchase to execute the P&S?
- In Massachusetts, the Purchase and Sale Agreement (P&S) typically contains all of the following EXCEPT:
- The 'covenant of seisin' in a Massachusetts warranty deed means the grantor warrants they:
- A Massachusetts commercial lease that includes a 'percentage rent' clause requires the tenant to pay:
- The 'integration clause' (merger clause) in a Massachusetts P&S agreement states that:
- A Massachusetts commercial lease contains a 'demolition clause.' This allows the landlord to:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →