Ask Question
BusinessBusiness
14 October, 18:56

What is the difference between an implied and an expressed contract

+1
Answers (2)
  1. 14 October, 20:18
    0
    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
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the difference between an implied and an expressed contract ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A favorable cost variance occurs when a. standard costs are less than actual costs b. actual costs are more than standard costs c. actual costs are the same as standard costs d. standard costs are more than actual costs
Answers (1)
On April 1, 2021, the Electronic Superstore borrows $21 million of which $6 million is due in 2022. Show how the company would report the $21 million debt on its December 31, 2021 balance sheet. (Enter your answers in dollars not in millions.
Answers (1)
An integrated marketing communications program should be viewed as an overall organizational process rather than a marketing plan or marketing function. A. True B. False
Answers (1)
Waterproof Roofing Company has provided the following information: Sales revenue $779,000 Variable costs 506,000 Fixed costs 216,000 Which of the following statements is true, if the sales volume increases by 10%?
Answers (1)
Kendrick is planning to buy a house. Which explains why he should establish a positive credit history before buying the house? a. He will get the house for a lower price. b. It will be easier for him to get a loan to buy the house. c.
Answers (1)
New Questions in Business
Theresa drank 5 ounces of wine. this amount of wine has about as much alcohol as the amount that is in
Answers (1)
A monopolist that earns positive economic profit in the short run will
Answers (1)
A Hummer is rated at 13 miles per gallon of gas and gas currently costs approximately $2.85 per gallon. If you drive from Orlando, Florida to San Francisco, CA (2,890 miles), how much money will you spend on gas? Assume it is a one-way trip.
Answers (1)
If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?
Answers (1)
A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.
Answers (1)
Home » Business » What is the difference between an implied and an expressed contract
Sign Up Forgot Password?