Which of the following defines a baseline for performance measurement?

Economically speaking, OBS activities are contractual claims that

A. may or may not occur. B. if the contingency does occur, the asset or liability is transferred onto the FI's balance sheet. C. impact the economic value of the equity. D. if the contingency never occurs, there is virtually no economic meaning to the OBS activity. E. all of the above.

The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties

A) Restatement of the Law of Contracts B) Restatement (Second) of Contracts C) objective theory of contracts D) common law of contracts