Can you describe the object theory of contracts?

Answer 1

The objective theory of a contract supersedes the subjective intent of contracts. The validity of contracts is determined by the external acts or performances of parties involved and not the intent.

You can read the following case to get better insight.

(Hotchkiss v. National City Bank, 200 F. 287 [S.D.N.Y. 1911]):

The Judge in this case explains the theory better.