allery'Consensus ad idem', an essential of a valid agreement, means that the parties:
AAgree upon the same thing in the same sense
BIntend to create a legal relationship
CHave each given lawful consideration
DAre competent to contract
Answer & Solution
Correct answer: A. Agree upon the same thing in the same sense
Consensus ad idem is identity of minds: both parties understand the subject matter in the same sense, as required for free consent.
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