Examlex
Which of the following statements regarding the notion of a midlife crisis is most accurate?
Implied in Fact Contracts
Contracts arising from the conduct of the parties, indicating a mutual intention to contract, without explicit verbal agreement.
Quasi Contract
An obligation imposed by law to prevent unjust enrichment, even though no actual agreement exists between the parties involved.
Obligation Imposed
A duty or responsibility enforced by law, regulation, or agreement.
Contract Formation
The process whereby parties agree upon and establish the terms of a contract, leading to a binding legal agreement.
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