Asked by Grace Devine on Apr 26, 2024

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Marketing Inc. offers to create a campaign to increase N'Ice Cream Inc.'s online business. N'Ice agrees to pay for the service. These parties have

A) no contract.
B) an express contract.
C) an implied contract.
D) a quasi contract.

Express Contract

A clearly stated agreement between parties where terms are explicitly stated either orally or in writing.

  • Understand the key components necessary for establishing a legitimate contract, namely offer, acceptance, and consideration.
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Verified Answer

AN
Alberto NajarroApr 27, 2024
Final Answer :
B
Explanation :
An express contract is formed when the parties have explicitly agreed on the terms of the contract, either orally or in writing. In this scenario, Marketing Inc. and N'Ice Cream Inc. have clearly agreed on the service and payment, forming an express contract.