Question

Aaron and Donald sign a written contract in which Aaron agrees to supply raw materials to Donald’s company in return for set fees for one year. Which form of contract have both the individuals entered into? implied contract express contract unilateral contract informal contract

Answer 1

Aaron and Donald's written agreement to supply raw materials in exchange for set fees is an express contract, which is explicitly stated in writing or orally, and is distinct from implied, unilateral, or informal contracts.

Step-by-step explanation:

• Aaron and Donald have entered into an express contract.
• An express contract is a mutually agreed upon arrangement where the terms are declared either orally or in writing at the time of its formation.
• This contrasts with an implied contract, where the arrangement is inferred from the actions or conduct of the parties, or a unilateral contract, where only one party makes an enforceable promise.
• Finally, while the term 'informal contract' could apply to any contract not formalized through a specific legal procedure or requirement (such as a handwritten agreement between friends), an express contract like the one described can be both written and formal.

Answer 2

The best answer among the choices provided by your question is the third choice or letter C. The form of contract both Aaron and Donald entered into is a unilateral contract. Unilateral contract is when both person agrees to the condition of the same contract.