It is apparent here that there was no meeting of the minds, and assent is essential to consensual contracts. The minds of the parties should meet in respect to the nature and extent of the obligations assumed by each. While there was mutual understanding as to the subject matter, i.e., the material to be purchased, there was neither agreement nor understanding as to the price to be paid. To give rise to a contract, the acceptance must comply with the terms of the offer. A...
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