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Express contract: Express contract is one which is made by words spoken or written. Example No. 1: X says to Y, will you buy a car for Rs. 100000? Y says to X, I am ready to buy you car for Rs. 100000. It is an express contract made rally. Example No. 2: X writes a letter to Y, I offer to sell my car for Rs. 100000 to you. Y send a letter to Y, I am ready to buy you car for Rs. 100000. It is an express contract made in writing.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agofor example, if Rajesh telephoned his close friend Latha of his intention to sell her his apartment for Rs.10 lakhs, and if Latha accept her friends offer, the contract will be termed as an express contract.
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What is the difference between an implied an expressed contract?
An express contract is a contract in which the terms of the agreement are stated in words, (oral or written) while an implied-in-fact contract is a contract formed in whole or in part from the conduct of the parties.
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