Define an Express Contract and an Implied Contract; Set Forth

question 32

Essay

Define an express contract and an implied contract; set forth the three conditions that generally must be met for the courts to find an implied contract,and give an example of an express and implied contract.

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Definitions:

Alternate Solutions

Different strategies, methods, or approaches considered in problem-solving or decision-making processes in order to achieve desired outcomes.

Consumer Confidence

An economic indicator that measures the degree of optimism or pessimism that consumers feel about the overall state of the economy and their personal financial situation.

Cultural Fit

The alignment between an individual's beliefs, values, and behaviors and the core values and culture of an organization.

Environmental Scanning

The process of systematically collecting, analyzing, and interpreting data about trends, events, and conditions in the environment that might affect an organization's future.