A(n)______ is a transaction in which the agreement between two parties is specifically stated,whether orally or in writing.
A) non-contract
B) express contract
C) implied contract
D) quasi-contract

Question

Quizplus · Accepted Answer

An express contract is a transaction in which the agreement between two parties is specifically stated, whether orally or in writing. This is in contrast to an implied contract, which is formed based on the behavior and circumstances of the parties, or a quasi-contract, which is a legal fiction used to prevent one party from unjustly enriching themselves at the expense of another. A non-contract is not a recognized legal term.

A(n)______ Is a Transaction in Which the Agreement Between Two