_________ agreements are created by situation:a)Writtenb)Oralc)Voidd)ImpliedCorrect answer is option 'D'. Can you explain this answer?

Question

Answer

An implied contract is an agreement created by actions of the parties involved, but it is not written or spoken. An implied contract is a legal substitute for a contract that is 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.

Answer

Implied Agreements

Implied agreements are created by situation. These are the agreements that are not explicitly stated in words, but can be inferred from the actions, conduct, and circumstances of the parties involved. Implied agreements are also known as tacit agreements or implied-in-fact agreements.

Examples of Implied Agreements

1. When a person visits a restaurant and orders food, an implied agreement is created that the restaurant will provide food that is reasonably fit for consumption, and the customer will pay for the food.

2. When a person boards a bus or train, they are creating an implied agreement to pay for the transportation services provided by the carrier.

3. When a person takes a job, they are creating an implied agreement to perform the duties of the job in exchange for payment.

Enforceability of Implied Agreements

Implied agreements are enforceable in court, just like written or oral agreements. However, the challenge with implied agreements is proving their existence. Since they are not explicitly stated in words, it can be difficult to prove that both parties intended to create a legally binding agreement.

Conclusion

Implied agreements are created by situation and can be inferred from the actions, conduct, and circumstances of the parties involved. They are enforceable in court, but proving their existence can be challenging.

Answer

An implied contract is an agreementcreated by actions of the parties involved, but it is not written or spoken. An implied contract is a legal substitute for a contract that is assumed to have been drawn. In this case, there is no written record nor any actual verbal agreement

Answer

Implied contracts are made by act or conduct of parties

Answer

Implied agreements are created by the situation:

An implied agreement is one that is not explicitly stated in writing or orally, but is instead inferred from the circumstances and conduct of the parties involved. These agreements are created by the situation and can be just as binding as written or oral agreements.

Examples of implied agreements:

1. Employment relationships: When a person accepts a job offer and starts working for a company, there is an implied agreement that the person will perform the duties of the job and the employer will provide compensation for those services. Even though the terms of the employment may not be explicitly stated, they are understood based on the nature of the job and industry standards.

2. Purchase of goods: When a person goes to a store and picks up an item, there is an implied agreement that the person will pay for the item at the cash register. This agreement is understood based on the usual practice of buying goods in a retail setting.

3. Landlord-tenant relationships: When a person rents a property and starts living in it, there is an implied agreement that the tenant will pay rent on time and take care of the property, while the landlord will maintain the property and address any issues that may arise. Although the specific terms of the lease may not be explicitly stated, they are understood based on the customary expectations in landlord-tenant relationships.

Enforceability of implied agreements:

Implied agreements are generally enforceable by law, as long as certain conditions are met. These conditions include:

1. Mutual intent: Both parties must have intended to enter into an agreement, even though it was not explicitly stated.

2. Meeting of the minds: The parties must have a clear understanding of the terms and obligations of the agreement, even if they were not explicitly discussed.

3. Consistency with the law: The implied agreement must not violate any laws or public policy.

If these conditions are met, the implied agreement can be legally binding and enforceable. However, it is always recommended to have written or oral agreements whenever possible to avoid any misunderstandings or disputes in the future.

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