In the passage from the judgment of Steyn LJ at page 27 quoted by the judge at para 66 he identified these four particular matters which he regarded as of importance . ( 1 ) English law generally adopts an objective theory of contract formation, ignoring the subjective expectations and the unexpressed mental reservations of the parties.
12.
"' Hotchkiss v . National City Bank of N . Y . "', 200 F . 287, 293 ( S . D . N . Y . 1911 ) was a landmark case in contract law articulating the Objective Theory of Contracts and dealing with the meaning of a promise in a contract.
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