What Kind of Contract Is Based on the Conduct of the Parties

question 62

Multiple Choice

What kind of contract is based on the conduct of the parties?

• A)Express.
• B)Action-oriented.
• C)Implied-in-fact.
• D)Implied-in-law.
• E)Quasi-contract.

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Definitions:

Disputed Claim

A contested assertion of a right or demand that is subject to disagreement between parties.

Past Obligation

Obligations or duties that were required or expected to be fulfilled in the past.

Additional Consideration

Additional consideration involves extra benefits or compensation provided beyond the initial agreement, often to amend or enhance a contract.

Implied Contract

A contract formed in whole or in part from the conduct of the parties, rather than from written or spoken words.