Which contract type has all terms and conditions explicitly stated and agreed to by the parties?

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

Answer: (A)

Express contracts are those in which all terms and conditions are clearly stated in words and agreed to by the parties, either in writing or orally. This explicit outlining of duties, timelines, price, and other details is what makes a contract express. In contrast, an implied contract comes from actions or circumstances rather than stated words; bilateral and unilateral describe how promises are exchanged or fulfilled, not whether the terms are explicitly laid out. So when every term is clearly defined and agreed upon, the contract is express.