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.

Recognize the role of innovative packaging in enhancing brand image and product quality perception.

Comprehend the influence of social media and word-of-mouth in brand trust and product recommendations.

Analyze the concept and market implication of private label brands versus manufacturer brands.

Identify strategies for branding and marketing on social media platforms.

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Definitions:

Breach of Contract

The failure to fulfill one's obligations as agreed upon in a contract, allowing for legal action by the aggrieved party.

Primary Benefit Test

A legal doctrine used to determine who is the primary beneficiary of a service or transaction, often influencing the decision on liability or responsibility under the law.

Privity of Contract

The relationship that exists between the parties involved in a contract, allowing them to sue each other but preventing any third party from doing so.

Fraud

involves deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.