Which of the following statements is most likely to be true regarding a contract implied in fact?
A) It is also known as a quasi contract.
B) It is a contract in which one party promises to do an act if the other party does something.
C) The terms of the contract have been fully performed.
D) It is created when the parties enter into the agreement by their actions rather than because they have actually discussed the matter.

Question

Quizplus · Accepted Answer

The vast majority of contracts are actually contracts implied in fact. A contract implied in fact is created when the parties enter into the agreement by their actions rather than because they have actually discussed the matter.

Which of the Following Statements Is Most Likely to Be