When People Are Asked to Identify Which Class They Belong

question 89

Multiple Choice

When people are asked to identify which class they belong to,most respond that they are:

• A) underclass
• B) poor
• C) upper class
• D) middle class

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Definitions:

Express Contract

A contract in which the terms are specifically stated by the parties, either orally or in writing.

Executed Contract

A contract that has been fully performed and completed by all parties involved.

Implied-in-law Contract

A type of contract formed by the courts where no explicit agreement exists between the parties, but an obligation is imposed to prevent unjust enrichment.

Binding Contract

An agreement between two or more parties that is legally enforceable in a court of law.