Podcast
Questions and Answers
What type of contract is made by words spoken or written?
What type of contract is made by words spoken or written?
- Implied contract
- Executed contract
- Quasi or constructive contract
- Express contract (correct)
Which type of contract is made otherwise than by words spoken or written?
Which type of contract is made otherwise than by words spoken or written?
- Executed contract
- Implied contract (correct)
- Express contract
- Quasi or constructive contract
When a contract has been fully performed by both parties, it is known as a(n) _____.
When a contract has been fully performed by both parties, it is known as a(n) _____.
- Quasi or constructive contract
- Executory contract
- Executed contract (correct)
- Implied contract
A contract that is binding on the parties but not fully executed is referred to as a(n) _____.
A contract that is binding on the parties but not fully executed is referred to as a(n) _____.
In which type of contract are the terms of the agreement implied from the conduct of the parties involved?
In which type of contract are the terms of the agreement implied from the conduct of the parties involved?
A contract created through actions or circumstances indicating mutual agreement could be classified as a(n) _____.
A contract created through actions or circumstances indicating mutual agreement could be classified as a(n) _____.
In an executed contract, what happens when both parties fulfill their obligations?
In an executed contract, what happens when both parties fulfill their obligations?
What distinguishes an executory contract from an executed contract?
What distinguishes an executory contract from an executed contract?
In a quasi or constructive contract, how do rights and obligations arise?
In a quasi or constructive contract, how do rights and obligations arise?
What distinguishes an express contract from an implied contract?
What distinguishes an express contract from an implied contract?
What is a key characteristic of an implied contract?
What is a key characteristic of an implied contract?
Quasi or constructive contracts differ from express contracts in that they...
Quasi or constructive contracts differ from express contracts in that they...
In a partly executed and partly executory contract, what can be said about the parties involved?
In a partly executed and partly executory contract, what can be said about the parties involved?
What is an example of an executed contract based on the provided text?
What is an example of an executed contract based on the provided text?
What happens to a void contract?
What happens to a void contract?
What characterizes a void agreement?
What characterizes a void agreement?
Which type of contract satisfies all the conditions prescribed by law?
Which type of contract satisfies all the conditions prescribed by law?
What distinguishes a valid contract from a void contract?
What distinguishes a valid contract from a void contract?
