What Is an Implied- In- Fact Contract

question 42

Multiple Choice

What is an implied- in- fact contract?

• A)A contract that is created when a party's intent to enter into a contract is unclear but the other party relies on a belief that promises have been made.
• B)A contract created when one party makes an offer that can be accepted only by performance.
• C)A contract created when an offeror provides a benefit to an offeree in a unilateral contract.
• D)A contract that is created by a mutual exchange of promises.
• E)A contract created when an offeree receives and accepts in silence the benefits of an offered service with reasonable opportunity for rejection and with an understanding some form of compensation will be required.

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Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Personality Traits

Enduring characteristics or qualities that define an individual's patterns of thought, emotion, and behavior.

Situational Constraints

External factors or circumstances that limit actions, behaviors, or opportunities within a given environment.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas simultaneously.