What defines an express contract?

Prepare for the Bob Hogue Sales Associate Exam with expert-level resources. Empower your study process using interactive quizzes, flashcards, and comprehensive questions that include insightful explanations and answers to excel and achieve success.

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.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy