Which of the Following Best Defines an Expressed Contract

question 3

Multiple Choice

Which of the following best defines an expressed contract?

• A)Agreement is shown through inference by signs,inaction,or silence.
• B)Agreement is entered into orally (clearly stated)or in writing.
• C)Failure to comply with the terms of the agreement
• D)All of the above

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Definitions:

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Studies

Systematic investigations or research aimed at acquiring knowledge and understanding through observation, experimentation, and analysis.

Policymakers

Individuals or groups responsible for making decisions on public policy in government, organizations, or institutions, often influencing laws, regulations, and strategies.

Costs Of Inflation

The economic disadvantages resulting from inflation, such as reduced purchasing power and the distorting effects on saving and investment decisions.