Asked by Georgia Faulkner on Jun 07, 2024
Verified
The mutual agreement necessary to create an express contract must be evidenced by a writing.
Express Contract
A contract in which terms are explicitly stated and agreed upon by the parties, either orally or in writing.
Mutual Agreement
A common understanding or an arrangement that is accepted by all parties to a transaction or contract.
- Comprehend the conditions necessitating written agreements as prescribed by the Statute of Frauds.
Verified Answer
AE
Anahita EntesarniaJun 13, 2024
Final Answer :
False
Explanation :
In an express contract,the parties have directly stated the terms of their contract orally or in writing at the time the contract was formed.However,the mutual agreement necessary to create a contract may also be demonstrated by the conduct of the parties.
Learning Objectives
- Comprehend the conditions necessitating written agreements as prescribed by the Statute of Frauds.
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