Discuss Real Estate Licensing Virginia Real Estate Salesperson Exam Topic 1 Question 17

Which of the following is correct about implied and express contracts?

AImplied contracts can be legally binding, while express contracts cannot.

BExpress contracts can be legally binding, while implied contracts cannot.

CExpress contracts explicitly state the terms of the contract, while implied contracts are established by the parties' actions.

DImplied contracts explicitly state the terms of the contract, while express contracts are established by the parties' actions.

Suggested Answer: C

Express contract: Terms are explicitly stated in words, either orally or in writing (e.g., a signed listing agreement).

Implied contract: Formed through the conduct or actions of the parties (e.g., ordering food at a restaurant implies a promise to pay).

Both types can be legally binding. The key difference is how the agreement is established.

Reference (Virginia Real Estate):

Code of Virginia Title 11 -- Contracts

Virginia Real Estate Board education requirements -- Contracts

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21 comments · newest first

Adelina 2 days ago

Express contracts are written, right?

Mammie 7 days ago

D doesn't make sense at all.

Jeannetta 12 days ago

I feel confident about C too.

Floyd 18 days ago

A sounds wrong to me.

Glenna 23 days ago

Implied contracts depend on actions.

Kate 28 days ago

Yeah, express contracts are clear.

Shalon 1 month ago

I think C is correct.

Han 1 month ago

Implied contracts arise from actions, express contracts from words.

Louann 1 month ago

B is definitely wrong. Express contracts are the way to go!

Susana 2 months ago

Wait, are implied contracts really binding? Sounds sketchy.

Velda 2 months ago

Totally agree with C! Implied contracts are all about actions.

Paulina 2 months ago

C is correct! Express contracts state terms clearly.

Amie 2 months ago

Implied contracts can be binding, just based on behavior!

Luis 2 months ago

I thought express contracts were just for written agreements.

Belen 2 months ago

Wait, are implied contracts really binding? I thought they were weaker.

Man 3 months ago

Totally agree with C! Implied contracts are all about actions.

Heike 3 months ago

C is the correct answer! Express contracts state terms clearly.

Julie 3 months ago

I feel like I might have mixed up the definitions; I know express contracts are written or spoken, but I can't recall how implied contracts are formed exactly.

Tambra 3 months ago

I'm a bit confused because I thought both types of contracts could be legally binding, but maybe I misremembered.

Silva 3 months ago

I remember practicing a question similar to this, and I think option C sounds right since it matches what we learned about how implied contracts work.

Vincent 4 months ago

I think express contracts definitely state the terms clearly, but I'm not sure about the details of implied contracts.

Real Estate Licensing Virginia Real Estate Salesperson Exam - Topic 1 Question 17 Discussion