OBJECTIVE THEORY OF CONTRACT

OBJECTIVE THEORY OF CONTRACT

objective theory of contract. The doctrine that a contract is not an agreement in the sense of a subjective meeting of the minds but is instead a series of external acts giving the objective semblance of agreement. ¡ª Often shortened to objective theory. Cf. SUBJECTIVE THEORY OF CONTRACT; MEETING OF THE MINDS . [Cases: Contracts 15, 147(1). C.J.S. Contracts ¡ì¡ì 35¨C36, 38, 308; Parent and Child ¡ì 178.]
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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.