Express contracts and implied in fact contracts are:
A) both genuine contracts.
B) exactly the same thing, just two different names.
C) not really contracts.
D) both enforceable only if written and signed.

Question

Quizplus · Accepted Answer

Express contracts and implied in fact contracts are both considered genuine contracts. An express contract is one where the terms are stated explicitly by the parties, either orally or in writing. An implied in fact contract, on the other hand, is one where the agreement is inferred from the actions or conduct of the parties, indicating their intention to be bound. Both types are recognized and enforceable by law, though their formation differs.

Express Contracts and Implied in Fact Contracts Are