Implied Contracts

Implied Contracts, in the case of implied contracts, the terms are not expressly stated. The court, in such circumstances, will normally construe the existence of a contract from the conduct of the parties rather from their words or correspondence. Yet to all reasonable men, his action implies that he will pay his fare, while the… Continue reading Implied Contracts

Express Contract

An express contract is an exchange of promises in which the terms by which the parties agree to be bound are declared either orally or in writing, or a combination of both, at the time it is made. Express Contracts can also be defined as a class of contract the term of which are expressed… Continue reading Express Contract