Episode 04: Bargains and the Objective Theory of Contract

Published: 17 August 2024
on channel: Business Law Education
148
2

In this episode, we explore the Objective Theory of Contract, which determines whether a contract is formed based on outward actions, not hidden intentions. We break down the classic case of Lucy v. Zehmer and analyze how courts determine if a contract has been formed based on the reasonable interpretation of actions, not private thoughts.