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What (who) is express contract - definition
FICTIONAL CONTRACT RECOGNISED BY A COURT
Implied contract; Implied in law contract; Implied-in-law contract; Quasi contract; Quasi-contract law; Implied Contract; Constructive contract
express contract
![negotiable]] contracts.](https://commons.wikimedia.org/wiki/Special:FilePath/1951 Bombay Province Rs 2500 Hundi.jpg?width=200 "negotiable]] contracts.")
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![[[Hugo Grotius]], one of the jurists credited with the development of Roman Dutch law](https://commons.wikimedia.org/wiki/Special:FilePath/Mierevelt grotius 1608.jpg?width=200 "[[Hugo Grotius]], one of the jurists credited with the development of Roman Dutch law")
![A contract from the [[Tang dynasty]] that records the purchase of a 15-year-old slave for six bolts of plain silk and five Chinese coins](https://commons.wikimedia.org/wiki/Special:FilePath/Chinese Slave trade.jpg?width=200 "A contract from the [[Tang dynasty]] that records the purchase of a 15-year-old slave for six bolts of plain silk and five Chinese coins")
![[[Thomas Boylston]] to [[Thomas Jefferson]], May 1786, Maritime Insurance Premiums](https://commons.wikimedia.org/wiki/Special:FilePath/Insurance Contact 2.jpg?width=200 "[[Thomas Boylston]] to [[Thomas Jefferson]], May 1786, Maritime Insurance Premiums")
![[[Fire insurance]] contract of 1796](https://commons.wikimedia.org/wiki/Special:FilePath/Insurance contract.jpg?width=200 "[[Fire insurance]] contract of 1796")
AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
n. a contract in which all elements are specifically stated (offer, acceptance, consideration), and the terms are stated, as compared to an "implied" contract in which the existence of the contract is assumed by the circumstances.
See also: contract
Contract
AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.
obligor
AGREEMENT HAVING A LAWFUL OBJECT ENTERED INTO VOLUNTARILY BY MULTIPLE PARTIES (MAY BE EXPLICITLY WRITTEN OR ORAL)
Contract law; Binding agreement; Contracts; Express contract; Verbally binding; Verbal contracts; Contractual; Guarantees; Contract Law; Bilateral contract; Unilateral contract; Obligee; Obligor; Service agreement; Contractual rights; Unilateral Contracts; Contractual agreement; Contractual obligations; Law of contracts; Contracting party; Contracting; Contract system; Legal contract; Contracts law; Written contracts; Types of contract; Contract (legal); Legal Detriment; Legal agreement; Kill fee; Cotract; Contractual powers; Contractual power; Law of contract; Contract document; Nominate contract; Contractual law; Written contract; Binding contract; Requirements of an Insurance Contract; Performance of a contract; Performance of an obligation; Specific contract; Service Agreement; Parent contract; User:Nenadimitrovski81/Objective theory of contract; Business efficacy test
(ah-bluh-gore) n. the person or entity who owes an obligation to another, as one who must pay on a promissory note.
Wikipedia
Quasi-contract
A quasi-contract (or implied-in-law contract or constructive contract) is a fictional contract recognised by a court. The notion of a quasi-contract can be traced to Roman law and is still a concept used in some modern legal systems. Quasi contract laws have been deduced from the Latin statement "Nemo debet locupletari ex aliena jactura", which proclaims that no man should grow rich out of another person's loss. It was one of the central doctrines of Roman law.
