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:

Frequent Buyer

A customer who regularly purchases from the same brand, shop, or service provider, often benefiting from loyalty programs.

Price Sensitivity

The degree to which the demand for a product is affected by changes in its price.

Co-branding Costs

Expenses associated with a partnership between two or more brands to create a product or service that leverages the strength of both brands.

Private-label Brands

Products manufactured by one company for sale under another company's brand, commonly found in groceries and chain stores, offering a competitive alternative to national brands.