In terms of contract law, what is meant by the phrase "meeting of the minds"? The two parties have met but have yet to agree to the terms and conditions of the contract. One party has a list of their desired terms and conditions and is ready to meet with the other party to discuss them. Both parties to the contract have a general idea of what they want but the specifics still need to be worked out. All the terms and conditions needed for full acceptance of the offer have been agreed upon by the two parties to the contract.
In terms of contract law, what is meant by the phrase "meeting of the minds"? The two parties have met but have yet to agree to the terms and conditions of the contract. One party has a list of their desired terms and conditions and is ready to meet with the other party to discuss them. Both parties to the contract have a general idea of what they want but the specifics still need to be worked out. All the terms and conditions needed for full acceptance of the offer have been agreed upon by the two parties to the contract.
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Transcribed Image Text:In terms of contract law, what is meant by the
phrase "meeting of the minds"?
The two parties have met but have yet to agree
to the terms and conditions of the contract.
One party has a list of their desired terms and
conditions and is ready to meet with the other
party to discuss them.
Both parties to the contract have a general idea
of what they want but the specifics still need to
be worked out.
All the terms and conditions needed for full
acceptance of the offer have been agreed upon
by the two parties to the contract.
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