Which of the following is correct about implied and express contracts?
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
Susana
3 days agoVelda
9 days agoPaulina
14 days agoAmie
19 days agoLuis
24 days agoBelen
29 days agoMan
1 month agoHeike
1 month agoJulie
1 month agoTambra
2 months agoSilva
2 months agoVincent
2 months ago