Ask Question
BusinessBusiness
11 April, 03:39

What is the difference between an implied and an expressed contract

+4
Answers (2)
  1. 11 April, 03:45
    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. 11 April, 03:47
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following conditions is most likely to act as a deterrent for foreign firms willing to do business with former Communist nations of East Europe and central Asia? a. The high levels of economic development in these countries b.
Answers (1)
A pop-music Icon has become the spokesperson for a new style of jeans. Which of the following is the most likely result?
Answers (1)
How to sell automobiles without a dealers license?
Answers (1)
Explain how the process of recontextualization changes the meaning associated with an HRM policy or practice.
Answers (1)
Accumulated Depreciation appears on the a. income statement as an operating expense b. balance sheet in the current assets section c. balance sheet in the property, plant, and equipment section d. balance sheet in the long-term liabilities section
Answers (1)
New Questions in Business
If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.
Answers (1)
A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false
Answers (1)
Alpha Company sold goods to customers who used Under-the-Hill bank credit cards. Credit card sales on July 8, 2016 amounted to $12,000 and were subject to a 2.5% bank fee.
Answers (1)
Osborn Company's unadjusted book balance at June 30, 2014 is $7,800. The company's bank statement reveals bank service charges of $45.
Answers (1)
Which of the following is a correct formula when markup is based on selling price? a Dollar markup X Selling price = Percentage markup b Dollar markup + Percentage markup = Selling price c Dollar markup - divide by-Percentage markup =
Answers (1)
Home » Business » What is the difference between an implied and an expressed contract
Sign Up Forgot Password?