An Implied Contract Is One in Which the Agreement Is

question 47

True/False

An implied contract is one in which the agreement is shown not by words, written or spoken, but by the acts and conduct of the parties.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, thereby having an ownership interest in the company.

Stock Repurchase

When a company buys back its own shares from the marketplace, reducing the amount of outstanding stock on the open market.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash or additional stocks.

Depressed Stock Price

Refers to the condition of a stock's market price being significantly lower than its perceived value or historical averages, often due to external factors.