An Express Contract

question 15

Multiple Choice

An express contract

• A)must be in writing.
• B)may be inferred by the conduct of the parties involved.
• C)has both parties setting forth their intentions.
• D)is not valid in many states.

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Definitions:

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Planning Budget

A budget created at the beginning of a budgeting period, based on projected values and assumptions for that period.

Budgeting Formulas

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Administrative Expenses

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