A Contract Is A(n) ____ If It Arises from the Actions

question 495

Multiple Choice

A contract is a(n) ____ if it arises from the actions rather than the expressions of the parties.

• A) explicit contract
• B) real contract
• C) express contract.
• D) real contract.
• E) none of the other choices are correct

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Definitions:

Civic Authorities

Government or municipal bodies responsible for managing local affairs, services, and regulations within a community or city.

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.

Equilibrium Price

The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.