subjective theory of contract
Definition
Older (early 19th century) legal concept that the existence of a binding agreement between two (or more) parties is determined by the existence of concurrence of intention ('meeting of minds') between the consenting parties. Modern (late 19th century) practice favors objective theory of contract that relies on external acts of the parties.
subjective theory of contract is in the Agreements & Contracts and Corporate, Commercial, & General Law subjects.
subjective theory of contract appears in the definitions of the following terms: meeting of minds and objective theory of contract
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