A contract formed by words, whether written or spoken, is called an?

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Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

A contract formed by words, whether written or spoken, is called an?

Explanation:
When terms are stated in words, whether spoken or written, you have an express contract. Express contracts convey the agreement directly through clear language, so the terms are explicit from the start. This includes both oral contracts (spoken words) and written contracts (written words). Implied contracts, by contrast, arise from actions, conduct, or circumstances showing parties’ intent, not from words. Since the key idea is that the contract is formed by words, the umbrella term that fits best is express contract.

When terms are stated in words, whether spoken or written, you have an express contract. Express contracts convey the agreement directly through clear language, so the terms are explicit from the start. This includes both oral contracts (spoken words) and written contracts (written words). Implied contracts, by contrast, arise from actions, conduct, or circumstances showing parties’ intent, not from words. Since the key idea is that the contract is formed by words, the umbrella term that fits best is express contract.

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