BROWSE

Implied Contract

Definition

A quasi-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.

What is an 'Implied Contract '

An implied contract is a legal substitute for a contract. An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. This is a contract assumed to have been drawn. In this case, there is no written record nor any actual verbal agreement. A form of an implied contract is an implied warranty provided automatically by law. An implied warranty means that when a product is purchased, it is guaranteed to work for its ordinary purpose. For example, a refrigerator is fit to keep food cool.

Explaining 'Implied Contract '

Implied contract is an agreement which is not reduced to writing but is created on the basis of the behavior of the parties involved. Under an implied contract, it is suggested that the parties involved are acting under an agreement. In the medical field, an implied contract exists when a veterinarian examines and treats an animal. It is implied that the veterinarian will do his/her best and that the client will pay the fee charged. Historically the veterinarian has treated animals and the owners have paid.


Further Reading


The perceived strength of an implied contract: Can it withstand financial temptation?
www.sciencedirect.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

Contract management and performance characteristics: An empirical and managerial implication for IndonesiaContract management and performance characteristics: An empirical and managerial implication for Indonesia
growingscience.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

The implied market price of weather riskThe implied market price of weather risk
www.tandfonline.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

Predicting financial volatility: High‐frequency time‐series forecasts vis‐à‐vis implied volatilityPredicting financial volatility: High‐frequency time‐series forecasts vis‐à‐vis implied volatility
onlinelibrary.wiley.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

Services Outsourcing: Revolution of Contract Forms and Its Implication <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ200807002.htm' />Services Outsourcing: Revolution of Contract Forms and Its Implication [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ200807002.htm'>PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

The Greek implied volatility index: construction and propertiesThe Greek implied volatility index: construction and properties
www.tandfonline.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

The economics of options-implied inflation probability density functionsThe economics of options-implied inflation probability density functions
www.sciencedirect.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

The informational content of implied volatilityThe informational content of implied volatility
academic.oup.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

Implied volatility linkages among major European currenciesImplied volatility linkages among major European currencies
www.sciencedirect.com [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …

The behavior of interest rates implied by the term structure of eurodollar futuresThe behavior of interest rates implied by the term structure of eurodollar futures
www.jstor.org [PDF]
… Frequently, however, an arrangement is made informally and thus can be viewed as an implied contract. With either formal or informal contracts, the decision maker has a choice to make … outweigh the costs, then it is financially advantageous to break the contract, accept the …


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