Which type of contract is characterized by mutual agreement and recognition between parties?

The correct choice is characterized by mutual agreement and recognition between parties. This type of contract, known as an expressed contract, arises when the terms are clearly stated either verbally or in writing. In an expressed contract, all parties involved have an understanding of their rights and obligations, which is crucial for establishing mutual consent.

In contrast, implied contracts are formed through the actions or circumstances of the parties, rather than through written or spoken words. These may lack the explicit terms found in expressed contracts, making mutual recognition less clear.

Unilateral contracts involve only one party making a promise in exchange for an act by another party, which does not require mutual agreement in the same way expressed contracts do. Lastly, a void contract lacks legal validity from the start, meaning it does not hold any enforceable obligations or mutual recognition between the parties involved. Thus, the expressed contract is the only choice that fulfills the criteria of mutual agreement and recognition effectively.