In an Express Contract, the Terms Are Fully and Explicitly

question 53

True/False

In an express contract, the terms are fully and explicitly stated in words.

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Definitions:

Debriefing

A process wherein experimental participants are given a full explanation of the experiment upon its completion, including its purpose and any deceptions, to resolve any ethical concerns.

Excessive Payment

Paying out more than what is deemed necessary or required, often implying a waste or misuse of resources.

Local Laws

Rules and regulations that are enacted by local government bodies and applicable within a specific geographic area or community.

Business Administration

The study and management of business operations, including finance, marketing, and human resources, aimed at ensuring an organization's efficiency and effectiveness.