Contracts
Which of the following BEST describes 'mutual assent' in an Ohio contract?
ABoth parties sign the same document
BBoth parties have a meeting of the minds — a genuine agreement on the same terms✓ Correct
CThe broker approves the transaction
DBoth parties consult with attorneys
Explanation
Mutual assent (meeting of the minds) means both parties genuinely understand and agree to the same material terms. It is formed through offer and acceptance and is essential for a valid contract.
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