A(n)________ Contract Is Implied by the Direct or Indirect Acts

question 25

Multiple Choice

A(n) ________ contract is implied by the direct or indirect acts of the parties.

• A)express
• B)implied-in-fact
• C)unilateral
• D)void

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Definitions:

Human Development

The process of physical, cognitive, emotional, and social growth and change that occurs throughout a person's life.

Insider Trading Violation

The illegal trading of a company's securities by individuals with access to confidential or non-public information about the company.

Nonpublic Information

Confidential or insider information not available to the general public.

Material Information

Any information that could influence an investor's decision to buy or sell the securities of a company.