Question
Express contract and Implied contract
Answer :
Word Count : 465
Express contracts and implied contracts are two distinct types of contracts in the realm of contract law, and they differ in how they are formed and the elements that make up each type of contract. Here's a breakdown of the key differences between them:
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Formation:
- Express Contract: An express contract is formed when the parties involved explicitly state the terms and conditions of the contract, either in writing or verbally. These terms are communicated directly and clearly between the parties, leaving no room for ambiguity.
- Implied Contract: An implied contract, on the other hand, is formed when the parties do not explicitly state the terms but instead, the contract is inferred from their ___ ___ ___ ______ _______ _____ _______.
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