Which of the following is not correct about the will theory of contract?
The will theory locates contractual obligation in the parties' actual intention, so "It relies on person's mind which can be proved only from his own evidence or by…
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Which of the following is not correct about the will theory of contract?
Answer and explanation
Correct answer B
The will theory locates contractual obligation in the parties' actual intention, so "It relies on person's mind which can be proved only from his own evidence or by inferences from his conduct." and "It leads to such a subjective view of mistake that the security of transactions is thereby imperilled." correctly describe it; the statement "It puts emphasis on expectations reasonably aroused by conduct rather than state of mind." describes the rival objective theory and is not correct about the will theory.
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