An Implied-In-Law Contract Is a Contract in Which Agreement Between

question 19

True/False

An implied-in-law contract is a contract in which agreement between parties has been inferred from their conduct.

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Definitions:

Business Contacts

Individuals or organizations that are involved in business dealings or can provide valuable connections and opportunities in the business world.

Affiliated Director

A board member who has a close relationship with the company or its principals, which could affect impartiality.

Day-to-Day

Describes activities or tasks that occur on a regular, daily basis, often relating to routine or ordinary operations.

Corporation

A legal entity that is separate and distinct from its owners, who are shareholders, and is authorized to act as a single entity.