Author Question: Mrs. Johnson is thinking of selling some property to her son. Which of the following is correct with ... (Read 36 times)

Mollykgkg · **on:** Aug 7, 2021

Mrs. Johnson is thinking of selling some property to her son. Which of the following is correct with respect to intention when entering into such a contract?
◦ Since domestic relationships are serious, there is a legal presumption that in such relationships there is an intention for the parties to be legally bound by their agreements.
◦ In commercial arrangements, there is always an intention to be bound by agreements no matter what the parties state to the contrary.
◦ When intention is the issue, there is never any presumption for or against intention; the courts will always apply the reasonable person test.
◦ Commercial contracts are always binding, no matter what the stated intention.
◦ In domestic agreements, there is a presumption that there is no intention to be legally bound.

Meganchabluk · **Reply #1 on:** Aug 7, 2021

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