An Implied-In-Fact Condition Exists If the Parties Expressly Agree on It

question 36

True/False

An implied-in-fact condition exists if the parties expressly agree on it.

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Definitions:

Equitable Estoppel

A legal principle preventing someone from arguing something contrary to a claim if a previous action or agreement implied that claim.

Written Promise

A documented commitment by one party to perform or refrain from performing certain actions for another party.

Reasonable Amount

An amount that is considered fair, appropriate, and not excessive under the circumstances, often used in legal and financial contexts.

Gratuitous Promise

A pledge or commitment made without the expectation of receiving something in return, not typically enforceable as a contract.