Question

what is meaning of implied contract??

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Answer 1

Answer:

An implied contract is a legally-binding obligation that derives from actions, conduct, or circumstances of one or more parties in an agreement. ... The implied contract, on the other hand, is assumed to exist, but no written or verbal confirmation is necessary.

Answer 2

Answer:

An implied contract is created by the actions, behavior, or circumstances of the people involved.

An implied contract has the same legal force as a written or verbal contract.

The implied contract, such as an implied warranty, is assumed to exist, and no confirmation is necessary.

Because of the lack of documentation, it is more difficult to enforce an implied contract in some circumstances.