Which type of contract involves a discussion of terms either orally or in writing?

An expressed contract is characterized by the clear communication of terms between the parties involved, whether that communication occurs orally or in writing. This type of contract is established when the parties exchange explicit offers and acceptances, making the terms and conditions of the agreement clear to all involved. By having a discussion of the terms, the parties ensure that there is mutual understanding and agreement, which is essential in legally binding contracts.

In contrast to expressed contracts, unilateral contracts involve one party making a promise in exchange for a specific action from another party, without the need for discussion of terms. Implied-in-law contracts, also known as quasi-contracts, are not actual contracts but are imposed by courts to prevent unjust enrichment when no formal agreement exists. Executed contracts refer to those agreements where all terms have been fulfilled by all parties; they do not specifically address how the agreement was formed.