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Mutual Assent & Objective Standard in Contract Law: Definitions & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Sam was reading the classified ads and noticed a horse for sale. He called the owner and asked about the horse. Happy about the response, Sam said, 'I will give you $50 for the horse.' Who is Sam in this negotiation?

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1. Jacinda wants to get a bit of revenge against her roommate for stealing her boyfriend. So, Jacinda posts an ad for a room for rent. She makes appointments only when her friend is home. After several people visit the apartment, one person offers to move in. Jacinda, winking at the interested renter, says, 'sure, we have a deal, sign here.' The next day, the new renter arrived with her stuff. Jacinda and her roommate had long since made up. Jacinda tells the new roommate that she was only pretending to rent the place to get back at her roommate. Did mutual assent exist?

2. A reasonable person would believe that two parties agreed to something based on outward behavior. What is this called?

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About This Quiz & Worksheet

This quiz/ worksheet will help you strengthen your understanding of the concepts of mutual assent and objective standard as they relate to contract law. Key topics in these assessments include the parties involved in a contract and what mutual assent is.

Quiz & Worksheet Goals

In these assessments, you will be tested on the following topics:

  • Mutual assent
  • What rights plaintiffs have if mutual assent is said to exist by the court
  • How to identify if mutual assent exists

Skills Practiced

With these tools, you can practice the following skills:

  • Interpreting information - verify that you can read information regarding mutual assent and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about parties in a contract
  • Making connections - use understanding of the concept of the objective standard in contract law

Additional Learning

Learn more about mutual assent and the objective standard by referring to the related lesson called Mutual Assent & Objective Standard in Contract Law: Definitions & Examples. This lesson covers these objectives:

  • Recall the process by which parties enter a contract
  • Identify what qualifies as mutual assent in contract law
  • Learn about a real court case where mutual assent was determined
  • Understand what rights plaintiffs have if mutual assent is determined by the court
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