A Contract Can Exist in Either a Written, Verbal, or Implied

question 58

True/False

A contract can exist in either a written, verbal, or implied form.

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Definitions:

Teeth Whitening

A cosmetic dental procedure aimed at lightening the color of teeth to improve appearance by removing stains and discoloration.

Elastic

Describes demand that is sensitive to price changes, where a small change in price results in a significant change in the quantity demanded or supplied.

Dropping Price

A strategy involving the reduction of the price of a product or service with the aim of attracting more customers or selling off surplus stock.

Increased Sales

A rise in the number of products sold or services rendered, leading to higher revenue for a business.