What type of contract is characterized by a specific offer and acceptance?

What type of contract is characterized by a specific offer and acceptance?

• A. Implied contract
• B. Oral contract
• C. Express contract
• D. Unilateral contract

Answer: (C)

A contract characterized by a specific offer and acceptance is known as an express contract. This type of contract can be articulated in clear terms, either written or verbal, where the parties involved understand the agreed-upon details and intentions. The specificity in the offer and acceptance makes it distinct, as both parties mutually consent to the terms, creating a legally enforceable agreement. Express contracts are commonly used in various transactions, such as those in real estate, sales agreements, and service contracts, where the requirements of the agreement are explicitly defined. This clarity helps to prevent misunderstandings and provides a coherent framework for legal recourse if one party fails to fulfill their obligations.

A contract characterized by a specific offer and acceptance is known as an express contract. This type of contract can be articulated in clear terms, either written or verbal, where the parties involved understand the agreed-upon details and intentions. The specificity in the offer and acceptance makes it distinct, as both parties mutually consent to the terms, creating a legally enforceable agreement.

Express contracts are commonly used in various transactions, such as those in real estate, sales agreements, and service contracts, where the requirements of the agreement are explicitly defined. This clarity helps to prevent misunderstandings and provides a coherent framework for legal recourse if one party fails to fulfill their obligations.