Are the following statements true or false related to contract law? Statement A: An acceptance of an offer may either be express or implied. Statement B: Consent must always be pre... Are the following statements true or false related to contract law? Statement A: An acceptance of an offer may either be express or implied. Statement B: Consent must always be present in all kinds of contracts.
Understand the Problem
The question presents two statements, A and B, related to contract law: the nature of acceptance in an offer (express or implied) and the necessity of consent in all kinds of contracts. We need to determine the validity and relevance of these statements within the framework of contract law.
Answer
Statement A: True, Statement B: True
Statement A is true, acceptance of an offer can be express or implied. Statement B is true, consent is essential for all contracts.
Answer for screen readers
Statement A is true, acceptance of an offer can be express or implied. Statement B is true, consent is essential for all contracts.
More Information
An express contract is where the terms are stated explicitly, while an implied contract is based on conduct, actions, or circumstances indicating agreement. Genuine consent is a fundamental requirement for a valid contract, ensuring that all parties enter into the agreement voluntarily and with a clear understanding of its terms.
Tips
A common mistake is to think consent is not always needed, but without consent, a contract is not legally binding. Also, students may confuse express and implied acceptance.
Sources
- Implied Contract: Definition, Example, Types, and Rules - Investopedia - investopedia.com
- The 6 Essential Elements of a Contract - Docusign - docusign.com
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