Meeting of minds between two persons whereby one binds himself with respect to the other to give something or to render

• A. Contract
• B. Obligation
• C. Consent
• D. Partnership

Answer: (A)

The essential idea being tested is how a binding, voluntary exchange is created between two parties. The description—two people reaching a mutual understanding that one will give something or render a service to the other—fits the definition of a contract. A contract is an agreement that, once formed by mutual assent, creates enforceable obligations between the parties. The meeting of minds marks the moment the terms are accepted, and the promise to give or perform becomes legally binding, provided other typical elements like consideration and the intention to create legal relations are present.

Obligation, while related, is a broader concept referring to a duty to act that can arise from various sources, not solely from a mutual agreement to exchange. Consent is the act of agreeing, a crucial part of forming a contract but not itself the binding instrument. Partnership describes a specific business structure with shared ownership and liability, not merely a promise to exchange goods or services. So the description aligns best with contract.