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What is the difference between an implied 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 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.
What type of contact can be oral or written Express or Implied?
A contract can be formed through both oral and written communication, as long as there is an offer, acceptance, consideration, and intention to create legal relations. Additionally, a contract can be either express (clearly stated by the parties) or implied (based on the actions and conduct of the parties).
Is an implied in fact contract an actual contract?
Yes, an implied contract is an actual contract.
What is the difference between a contract implied in fact and a contract implied in law?
A contract implied in fact is based on the parties' conduct and intentions, while a contract implied in law is imposed by the court to prevent unjust enrichment.
What is the difference between an implied-in-fact contract and an implied-in-law contract?
An implied-in-fact contract is formed based on the parties' conduct and circumstances, while an implied-in-law contract is not based on the parties' intentions but is imposed by the law to prevent unjust enrichment.
What is the difference is contract Expressed and implied?
An expressed contract is one that is actually in writing. Implied is one that can be inferred from the actions of the parties.
What kind of contract is based on the conduct of the parties?
Implied Contract
Can you waive the implied warranty of merchantability in a contract?
Yes, the implied warranty of merchantability can be waived in a contract if both parties agree to it in writing.
What is the difference between explicit and implied terms?
An Implied Condition is a condition that does not appear on the contract but are Implied. e.g Implied conditions imply that both the insured and insurer have good faith in the making of a contract, that the insured has insurable intrest in the subject matter of insurance, that subject matter of insurance is in place at the time the policy is affected.Express Conditions are those which are expressed or set forth in the policy.
Can a partnership be oral written or implied?
Yes, a partnership can be oral, written, or implied. An oral partnership is formed through spoken agreements, a written partnership is established through a formal written document outlining the terms, and an implied partnership is inferred from the actions and behaviors of the parties involved.
