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Two parties may sign a piece of paper called a ?§contract??, but if each believes the contract involves something
different, there is no mutual assent, no meeting of the minds. There is no real contract.?? (Corley, Reed, Shedd, and Morehead, 1999, p.177).
Analysis: The case of Hill-Shaffer Partnership v. Chilson Family Trust deals with the Chilson Family Trust (seller) and the Hill-Shaffer Partnership (buyer). The Chilsons (seller) listed the Butler North and Triangle properties for sale. Hill-Schafer (buyer) received a copy of the appraisal of the listed land as - 15 acres of vacant land on the north side of Butler Avenue, valued at $620,500...
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