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When two parties to an agreement (contract) both have the same understanding of the terms of the agreement. such mutual comprehension is essential to a valid contract. it is provable by the express provisions of a written contract, without reference to any statements or hidden thoughts outside the writing. there would not be a meeting of the minds if bill buyer said, “i’ll buy all your stock,” and he meant shares in a corporation, and sam seller said, “i’ll sell all my stock to you,” and meant his cattle.

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