When Two Parties Have Directly, but Orally, Stated All of the Terms

question 34

Multiple Choice

When two parties have directly, but orally, stated all of the terms of a contract at the time it was formed, they have:

• A) executed a contract.
• B) made an express contract.
• C) made an implied contract.
• D) not made an enforceable contract.

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Definitions:

Index Funds

Investment funds designed to replicate the performance of a specific index of stocks or other financial assets.

Event Node

In network analysis or decision trees, a point representing a decision or outcome.

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series relative to its mean, often used to compare the degree of variation from one data series to another.

Index Fund

An index fund is an investment fund designed to follow the performance of a specific market index, offering a broad market exposure with low operating costs.