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The definition of a contract is?
The definition of a contract is an agreement (verbal or written down) between two parties.
A written contract between an insured person and an insurance company?
It is called in insurance policy.
What is the term for the written contract between an insured person and an insurance company?
Insurance policy
Is a verbal contract between two or more parties legally binding?
Yes, a verbal contract between two or more parties can be legally binding, but it may be more difficult to enforce compared to a written contract.
Identify the term contract?
A contract is defined in law as an agreement between two parties with an offer, acceptance, and consideration.
What is a written agreement or promise between two or more parties?
pie pie
Can a car dealership refuse to pay off trade when it is in the contract?
A contract is a legally binding agreement between the parties who have signed it, unless written into the contract otherwise, all parties are bound by the terms of the agreement/contract they signed.
Who are the main parties involved?
The main parties to a contract are the people who sign the contract. Each party that signs the contract is bound by everything written in the contract.
A written insurance contact is called an insurance?
A written insurance contract is called an 'insurance policy.'
What are the key components that should be included in a written contract between two parties to ensure clarity and enforceability?
A written contract between two parties should include key components such as clear identification of the parties involved, detailed description of the agreement, terms and conditions, payment terms, deadlines, dispute resolution mechanisms, and signatures of all parties involved. These components help ensure clarity and enforceability of the contract.
What is the difference between an implied contract and an expressed contract?
An express contract is a contract in which the terms of the agreement are stated in words, (oral or written) while an implied-in-fact contract is a contract formed in whole or in part from the conduct of the parties.
What is the difference between express contract and implied contract?
An express contract is a contract in which the terms of the agreement are stated in words, (oral or written) while an implied-in-fact contract is a contract formed in whole or in part from the conduct of the parties.
