BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: –In so far as the proposal or acceptance of any promise is made in words, the promise is said to be express. In so far as such proposal or acceptance is made otherwise than in words, the promise is said to be implied.

Detailed explanation-2: -Express and Implied Offers When an offer is expressly communicated by the offeror, it is regarded as an express offer. The communication of an express offer can be written or verbal. An offer that can be understood by circumstances of case or the conduct of parties is known as an implied offer.

Detailed explanation-3: -The main difference between them falls under legal and ethical interpretation. Implied terms are subject to trust from both parties in a business contract. Whereas express terms are specifically outlined and acknowledged by both sides.

Detailed explanation-4: -There are two types of offer: general offer and specific offer. A general offer is made to a group of people, while a specific offer is specifically made to one person. In order for an offer to be considered valid, it must meet the following requirements: Must be communicated.

Detailed explanation-5: -An express contract and a contract-implied-in-fact both require mutual assent and a meeting of the minds. However, an express contract is proved by an actual agreement (either written or oral), and a contract-implied-in-fact is proved by circumstances and the conduct of the parties.