A contract is a(n) ____ if there is a written or oral expression of intent by the parties to enter into a legally binding agreement.
A) rapid contract
B) implied contract
C) explicit contract
D) express contract
E) final contract

Question

Quizplus · Accepted Answer

An express contract is a legally binding agreement where the parties involved have explicitly stated the terms and conditions of the contract, either in written or oral form. This is in contrast to an implied contract where the agreement is inferred from the actions and conduct of the parties involved. A rapid contract and final contract are not recognized legal terms, while an explicit contract is too broad and could refer to any contract that is clear and unambiguous.

A Contract Is A(n) ____ If There Is a Written