A(n) ________ Contract Is Implemented by Actions, Not Words

question 20

Multiple Choice

A(n) ________ contract is implemented by actions, not words.

• A) implied
• B) res gestae
• C) expressed
• D) agent

---

Definitions:

Agreed

The state of mutual consent or acknowledgement about terms, conditions, or proceedings by all parties involved.

Acceptor

In financial transactions, particularly in negotiable instruments, the party who agrees to pay a bill of exchange.

Unconditional Promise

A commitment or guarantee without any stipulations or requirements, fully binding upon the issuer.

Fixed Amount

A fixed amount refers to a set, unchanging figure or sum, often used in financial contexts to denote a specified sum of money that does not vary.