Implied-In-Law Contracts Are Also Known as _____

question 43

Multiple Choice

Implied-in-law contracts are also known as _____.

• A) reciprocal contracts
• B) quasi-contracts
• C) express contracts
• D) bilateral contracts
• E) unilateral contracts

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Definitions:

Bankruptcy Defense

Strategies or legal arguments used by a defendant in litigation to counter claims made in the context of a bankruptcy case.

Suretyship Agreement

An agreement in which one party (the surety) guarantees the debt of a borrower to a lender, agreeing to repay the debt should the borrower default.

Guaranty Agreement

A legal document where one party agrees to be responsible for another's debt or obligations.

Alienated Followers

Individuals within a group or organization who feel estranged or disconnected from the group's goals or leadership.