Multiple choice

If the terms of a contract are expressly agreed upon (whether by words spoken or written) at the time of formation of the contract, the contract is said to be ________.

  1. express contracts

  2. implied contracts

  3. quasi contracts

  4. none of these
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A Correct answer
Explanation

When contract terms are explicitly stated, whether through spoken words or written documents at the time of formation, it is an express contract. The parties directly articulate their intentions and obligations, creating clarity and evidence of their agreement.

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