Contracts
Mutual assent in a contract is demonstrated by:
AA written agreement signed by the buyer only
BAn offer by one party and acceptance of the exact terms by the other party✓ Correct
CA verbal agreement between two parties
DThe payment of consideration
Explanation
Mutual assent (also called a 'meeting of the minds') requires an offer from one party and an unconditional acceptance of those exact terms by the other party. Any variation in the acceptance terms creates a counteroffer, not mutual assent.
Related Rhode Island Contracts Questions
- What is an 'exculpatory clause' in a Rhode Island commercial lease?
- In Rhode Island, which party may rescind a residential purchase agreement after receiving the Residential Real Estate Condition Disclosure Statement?
- A Rhode Island seller breaches a purchase contract by refusing to sell. What remedy is available to the buyer?
- A buyer in Rhode Island signs a purchase agreement containing a financing contingency. If the buyer cannot obtain financing, the buyer may:
- Under Rhode Island law, mutual mistake in a real estate contract refers to:
- What is a 'deposit receipt' in the context of a Rhode Island residential real estate transaction?
- What is 'merger' in Rhode Island real estate law?
- What is 'earnest money' in a Rhode Island real estate transaction?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →