Asked by Natali Hernandez-Chavez on May 21, 2024
Verified
A(n) __________ contract is one in which the terms have been definitely and specifically stated and agreed upon.
A) express
B) implied
C) written
D) formal
Express Contract
A contract explicitly stated by the parties, either orally or in writing, detailing the terms clearly.
- Discern the properties and genesis of contracts that are understood to exist and those that are expressly formulated.
- Differentiate between express, implied, unilateral, and bilateral contracts through examples.
Verified Answer
SN
SIERRA NANCEMay 24, 2024
Final Answer :
A
Explanation :
An express contract is one where the terms are clearly stated and agreed upon by the parties, either orally or in writing.
Learning Objectives
- Discern the properties and genesis of contracts that are understood to exist and those that are expressly formulated.
- Differentiate between express, implied, unilateral, and bilateral contracts through examples.