Express Contracts and Implied in Fact Contracts

question 66

Multiple Choice

Express contracts and implied in fact contracts:

• A) are both genuine contracts.
• B) are equally enforceable.
• C) are not really contracts.
• D) Two of these are true.

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Definitions:

Vinyl Records

Analog sound storage medium in the form of a flat disc with an inscribed, modulated spiral groove.

Product Life Cycle

The stages a product goes through from its introduction to the market, growth, maturity, and eventual decline.

Music Store

A music store is a retail business that sells musical instruments, scores, recordings, and related merchandise and services.

Consumer-Packaged Goods

Products that are sold in a package and used up by consumers over a short period.