What defines an express contract?

Study for the Bob Hogue Sales Associate Exam. Prepare with flashcards and multiple-choice questions, each providing hints and explanations. Get ready to excel in your exam!

Multiple Choice

What defines an express contract?

Explanation:
An express contract is characterized by the clear articulation of its terms through spoken or written words. This means that the parties involved explicitly state their intentions, obligations, and the agreement's conditions, leaving no ambiguity about the agreement's terms. Such clarity allows for a mutual understanding of what is expected from each party. In contrast to options that refer to inferred or implied contracts, which are recognized through actions or conduct rather than explicit agreements, an express contract provides a definitive framework. This clear communication serves as strong evidence of the parties' intent should any disputes arise. Additionally, completion of all terms and conditions, while important in any contractual relationship, does not specifically define what an express contract is; it merely relates to the performance aspect once an express contract is formed.

An express contract is characterized by the clear articulation of its terms through spoken or written words. This means that the parties involved explicitly state their intentions, obligations, and the agreement's conditions, leaving no ambiguity about the agreement's terms. Such clarity allows for a mutual understanding of what is expected from each party.

In contrast to options that refer to inferred or implied contracts, which are recognized through actions or conduct rather than explicit agreements, an express contract provides a definitive framework. This clear communication serves as strong evidence of the parties' intent should any disputes arise. Additionally, completion of all terms and conditions, while important in any contractual relationship, does not specifically define what an express contract is; it merely relates to the performance aspect once an express contract is formed.

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