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14 October, 18:56

What is the difference between an implied and an expressed contract

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  1. 14 October, 20:18
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    An express contract is one in which the terms and conditions are spelled out in the contract, either verbally or in writing ... An implied contract is one in which the terms and conditions are inferred by the actions of the parties involved.
  2. 14 October, 20:49
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    Differences between the implied contract and the stated contract

    - Declared contract

    A lightning contract is a contract in which the proposal and acceptance, which results in an agreement, which can be enforced legally, are verbally stated.

    - Implied Contract

    The implied contract refers to a contract in which the proposal and acceptance, which leads to the contract, are declared non-verbally, ie through other means.
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