Question

In an _____________ Contract, parties' conduct indicates a contract has been created

Option 1: Expressed
Option 2: Implied
Option 3: Executed
Option 4: Void

Answer 1

In an implied contract, parties' conduct indicates a contract has been created. It is created when the actions and behavior of the parties suggest a mutual understanding and agreement, even if the terms are not explicitly stated. Option 2

Step-by-step explanation:

In an Implied Contract, parties' conduct indicates a contract has been created. This means that although the terms of the contract are not explicitly stated in writing or verbally agreed upon, the actions and behavior of the parties involved suggest that they have entered into a contractual agreement.

For example, if you go to a restaurant and order a meal, an implied contract is created between you and the restaurant. By placing your order and the restaurant preparing and serving the meal, the actions and conduct of both parties indicate a mutual understanding and agreement to exchange goods (the meal) for payment.

In contrast, an expressed contract is one in which the terms are explicitly stated, either verbally or in writing. An executed contract is one in which both parties have fully performed their obligations and the contract is considered fulfilled. A void contract is one that is considered legally invalid and unenforceable from the beginning. Option 2