Which of the following statements about an express contract is true?:
A)It must be in writing.
B)It may be inferred by the conduct of the parties involved.
C)The two parties explicitly state all important terms of their agreement.
D)None of the above.

Question

Quizplus · Accepted Answer

An express contract is formed when the two parties explicitly state all important terms of their agreement. It does not necessarily have to be in writing but can be oral or written. It differs from an implied contract, which is inferred by the conduct of the parties involved.

Which of the Following Statements About an Express Contract Is