Author Question: What are the two most common types of contracts?[br][br][b][color=red]Question ... (Read 47 times)

jayhills49 · **on:** Jun 24, 2018

What are the two most common types of contracts?

Question 2

What is a tort?

af · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

Two kinds of contract are:
a. Express contract which has terms spelled out by the parties, usually in writing.
b. Implied contracts are contracts that the courts infer from company policies and the behavior of the parties or that are implied from the law.

Answer to Question 2

Tort is a private or civil wrong or injury, caused by one party to another, either intentionally or negligently.