🔑 Express contracts are agreements where the parties explicitly agree upon the terms, either orally or in writing.
📝 Implied contracts can be classified into two types: implied in fact contracts and implied in law contracts.
🔍 Implied in fact contracts do not have explicit verbal or written terms, but the terms are understood and recognized as a contract.
⚖️ Implied contracts are formed based on parties' conduct and circumstances, such as ordering food at a restaurant.
🏛️ Courts create quasi contracts to impose an obligation on a party to compensate another when a benefit is given without a formal contract.
🤝 An example of a quasi contract would be a court requiring Debbie to compensate Dr. Paul for saving her at a restaurant.
Express contracts are explicitly agreed upon in a written or verbal agreement.
Implied in fact contracts are understood to exist based on the parties' conduct and circumstances.
Quasi contracts are not contracts, but a court may impose an obligation to compensate based on received benefits.
📑 Express contracts are formed when the parties explicitly state the terms of the agreement.
💡 Implied contracts are formed based on the conduct and actions of the parties involved.
📝 Express contracts require clear and unambiguous terms, while implied contracts are more flexible and can be inferred from the circumstances.
Disney is Perfectly Happy With Their Catastrophic Downfall
HIST 210
Binary - The SIMPLEST explanation of Counting and Converting Binary numbers
Basic Arrhythmias | Sinus, Brady, Tachy, Premature Beats | ECG EKG Interpretation (Part 3)
A Dog's Purpose - Official Trailer (HD)
How Is Nokia Even Still Alive?