Question: What is the difference between an express and an implied term?

What is the difference between an express and an implied term?

Step by Step Solution

★★★★★

3.45 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To conclude I can say that an express term is ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

690-L-B-L-C (1956).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

What is the difference between an ordinary annuity and an annuity due? Which is more valuable? Why?

Q:

What is the difference between an SF2andan SF3 forecast?

Q:

What is the difference between an affirmative action goal and a quota? Is there a difference? Explain.

Q:

What is the difference between an express and an implied term?

Q:

Need help answering this question What is the difference between an express and an implied term in a contract? Paragraph BIKE

Q:

What is the difference between an express and an implied term in a contract?

Q:

What is the difference between an express and an implied term? Explain giving examples

Q:

Joseph DiCenzo worked for Wheeling-Pittsburgh Steel Corporation from the 1950s until 1993. He worked as a tin-line laborer, a tractor operator, a plier, a welding-machine operator, and a tin-line...

Q:

What is the key difference between an express and an implied condition? Group of answer choices A ) There are no differences; express and implied conditions are the same. B ) Express conditions are...

Q:

What is the key difference between an express and an implied condition? Multiple Choice An express condition is recognized by force of law, while implied conditions are recognized by force of...

Q:

In a lake with N fish, n1 of them tagged, the probability of obtaining m recaptured and n2m previously uncaught fish in a simple random sample of size n2 is The maximum likelihood estimator...

Q:

Use the following financial statements for Garners Platoon Mental Health Care, Inc., to calculate and interpret the Altmans Z-score for this firm. Garners Platoon Mental Health Care, Inc. Balance...

Q:

Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $25,000. Prepare a schedule of cash receipts from sales for April,...

Q:

M3-27. Applying Closing Procedures Assume you are in the process of closing procedures for Echo Corporation. You have already closed all revenue and expense accounts to the Retained Earnings account....

Q:

Discuss and explain whether there is valid consideration for each of the following promises: (a) A and B entered into a contract for the purchase and sale of goods. A subsequently promised to pay a...

Q:

Alan purchased shoes from Barbara on open account. Barbara sent Alan a bill for $10,000. Alan wrote back that two hundred pairs of the shoes were defective and offered to pay $6,000 and give Barbara...

Q:

Nancy owed Sharon $1,500, but Sharon did not initiate a lawsuit to collect the debt within the time prescribed by the statute of limitations. Nevertheless, Nancy promises Sharon that she will pay the...

Q:

A stock has a price of $35 and an annual return volatility of 48 percent. The risk-free rate is 3.03 percent. Perform calculations in Excel. a. Calculate the European call and European put option...

Q:

Give product examples for each of the four types of competition Pure competition Monopolistic competition Oligopolistic competition Pure monopoly

Q:

A stock is currently priced at 19.25 when options are about to expire. What is the net profit of a PUT option with a strike price of 22.5 for the BUYER of the option if the premium paid was 2.75 ?...