What is an implied-in-fact contract?
A) A contract created when an offeree receives and accepts in silence the benefits of an offered service with reasonable opportunity for rejection and with an understanding that some form of compensation will be required.
B) A contract created when an offeror provides a benefit to an offeree in a unilateral contract.
C) A contract created when one party makes an offer that can be accepted only by performance.
D) A contract that is created when a party's intent to enter into a contract is unclear but the other party relies on a belief that promises have been made.
E) A contract that is created by a mutual exchange of promises.

Question

Quizplus · Accepted Answer

An implied-in-fact contract is formed by the actions or circumstances of the parties involved, rather than written or spoken words. It occurs when one party accepts and benefits from the services of another, with a reasonable opportunity to reject those services, and there is an understanding that compensation will be required.

What Is an Implied-In-Fact Contract