Difference between revisions of "Implied contract"
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'''Implied contract''' is a contract not created or evidenced by the explicit agreement of the parties but one inferred by [[law]]; as the use of electric power in your home implies a contract with the light company. | '''Implied contract''' is a contract not created or evidenced by the explicit agreement of the parties but one inferred by [[law]]; as the use of electric power in your home implies a contract with the light company. | ||
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Latest revision as of 19:51, April 23, 2008
Implied contract is a contract not created or evidenced by the explicit agreement of the parties but one inferred by law; as the use of electric power in your home implies a contract with the light company.