ᴡʜɪᴄʜ ᴄᴏɴᴛʀᴀᴄᴛ ɪs ʙᴀsᴇᴅ ᴏɴ ɪɴғᴏʀᴍᴀᴛɪᴏɴ....
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This means that if a proposal or a promise is expressed by listing the terms in words – in writing or orally is said to be an Express Contract as long as it gets acceptance from the other party. The terms of the Express Contract are clearly stated either orally or in writing.
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Which information is based on information?
ANS.Implied Contract(contracts based on information):-
Contract(contracts based on formation):- An implied contract is one of the contracts based on formation. According to Section 9 of the Indian Contract Act, 1872 says that insofar as such proposal or acceptance is made otherwise than in words, the promise is said to be implied.10
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