Contracts That Are Implied in Law

question 61

Multiple Choice

Contracts that are implied in law:

• A) are obligations imposed by law on grounds of justice and equity.
• B) are intended to prevent unjust enrichment.
• C) do not rest upon the assent of the contracting parties.
• D) All of these.

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Definitions:

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The production, distribution, and consumption of goods and services within an economy, encompassing all actions that involve monetary transactions.

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