An officer of International Sales Corporation makes overtures to a representative of Global Distributions, Inc., regarding a business deal. Under the Objective Theory of Contracts, the officer's words and conduct are held to mean whatever

Question

Social Studies

Ashlee Haynes

3 May, 21:45

An officer of International Sales Corporation makes overtures to a representative of Global Distributions, Inc., regarding a business deal. Under the Objective Theory of Contracts, the officer's words and conduct are held to mean whatever

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Davis · Answer 1

A reasonable person in the representative's position will think they meant.

Explanation:

The theory of contracts may be subjective and may be objective that is to say, majorly there are two theories to the theory of contacts. These two theories describe how and what makes a contract to be legally binding.

People that believes in the subjective theory of contracts are known as or refer to as the subjectivists while the people that believes in the objective theory of contracts are known as the objectivists.

What the objective theory of contracts is all about is that when two or more groups decides to go into agreement, a "reasonable'' person that has nothing to do with the agreement or contract might be use as judge to determine whether the contract is valid or not.