Which statement is true about an Expressed contract?

Which statement is true about an Expressed contract?

• A. Written or oral agreement with identified specifics, both parties agree, and written version requires signatures
• B. It must be created by a court
• C. It is always informal and unwritten
• D. It requires no consent

Answer: (A)

An expressed contract is formed by explicit language that states the terms and shows that both parties intend to be bound. The terms are clear and directly articulated, rather than inferred from actions. It can be spoken (oral) or written, as long as the terms are identified and there is mutual assent to those terms. When a contract is in writing, signatures are typically used to evidence that both sides have reviewed and agreed to the specifics and intend to be bound by the agreement. This aligns with the idea that an expressed contract can be a written or oral agreement with identified specifics and mutual agreement, and that a written version often requires signatures to show that consent and commitment. The other statements aren’t correct because contracts aren’t created by a court, they aren’t necessarily informal or unwritten, and they do require consent from both parties.

An expressed contract is formed by explicit language that states the terms and shows that both parties intend to be bound. The terms are clear and directly articulated, rather than inferred from actions. It can be spoken (oral) or written, as long as the terms are identified and there is mutual assent to those terms. When a contract is in writing, signatures are typically used to evidence that both sides have reviewed and agreed to the specifics and intend to be bound by the agreement. This aligns with the idea that an expressed contract can be a written or oral agreement with identified specifics and mutual agreement, and that a written version often requires signatures to show that consent and commitment. The other statements aren’t correct because contracts aren’t created by a court, they aren’t necessarily informal or unwritten, and they do require consent from both parties.