An express contract can be formed in which manner?

Enhance your skills for the Maine TRELG Associate Broker exam with interactive quizzes and expert explanations. Study any time, anywhere, and assess your knowledge to excel in your exam!

An express contract is a type of agreement where the terms are clearly stated either verbally or in writing. This means that a contract can be formed through both oral discussions and written documentation, as long as the parties involved agree on the terms.

The defining feature of an express contract is the explicit communication of terms, not the method by which that communication occurs. This allows for flexibility in how agreements can be made—whether someone verbally agrees to the terms in a conversation or documents those terms in a formal written agreement.

While some contracts, particularly those subject to the Statute of Frauds, may need to be in writing to be enforceable (like real estate contracts), the question specifically asks about the formation of an express contract in general, which includes both oral and written forms. Thus, the correct answer emphasizes that express contracts can be formed in either manner.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy