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LSDefine
Simple English definitions for legal terms
mutual assent
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A quick definition of mutual assent:
Term: Mutual Assent
Definition: Mutual assent means that both parties in a contract agree to the terms of the agreement. This agreement is proven by showing that one party made an offer and the other party accepted it. It's important to show that both parties understood and agreed to the terms of the contract.
A more thorough explanation:
Mutual Assent
Mutual assent is when both parties agree to the terms of a contract. It is proven objectively and is often established by showing an offer and acceptance. For example, if one person offers to sell their car for $10,000 and the other person accepts the offer, then there is mutual assent.
Mutual assent is an important part of any contract. It means that both parties have agreed to the terms of the contract and are willing to fulfill their obligations. In the example given, the person selling the car has offered to sell it for a certain price, and the person buying the car has accepted that offer. This shows that both parties have agreed to the terms of the contract and are willing to fulfill their obligations.