|
|
|
||
| Question: |
Meeting Of The Minds
|
||
| Category: |
Glossary Of Real Estate Terms
|
||
| Date Added: | June 9th Saturday, 2007 | ||
| Answer:
Meeting of the minds The reasoning is that a party should not be held to a
contract that they were not even aware existed. A mutual promise between friends
over simple personal matters should not be a situation where legal remedies are
to be used. Equally, any such agreement where the obligation is primarily a
moral one rather than a legal one should not be enforceable. It is only when all
parties involved are aware of the formation of a legal obligation is there a
meeting of the minds. Meeting of the
minds |
|||
|
|