MULTIPLE CHOICE 26. Contract law is said to be based on the existence and interpretation of the contract is based on the manifestations of intent by the parties. (1.5 PTS. EA) theory, meaning that a(n) a. Interpretive b. Unilateral c. Appearing d. Subjective e. Objective 27. If a(n) misunderstanding between the parties exists, and as a result of that misunderstanding the parties do not really come to a meeting of the minds, there is no contract. a. Unilateral b. Reasonable c. Subjective d. Mutual e. Comprehensive 28. A(n)_contract is commonly defined as a promise in exchange for a promise. a. Bilateral b. Complete c. Unilateral d. Classified e. Trilateral