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URL:https://www.learndesk.us/class/6620336978132992/lesson/fcb23b6b9c359ddedf88055737381847?ref=outlook-calendar
SUMMARY:Classifications of Contracts
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/6620336978132992/lesson/fcb23b6b9c359ddedf88055737381847?ref=outlook-calendar
DESCRIPTION: 
Oral vs. written
Express vs. implied
Unilateral vs. bilateral
Executed vs. executory

Oral vs. written
A contract may be in writing or it may be an oral, or parol, contract. Certain oral contracts are valid and enforceable, and others are not enforceable, even if valid. For example, Florida requires listing agreements of terms longer than one year, sales contracts, option contracts, deeds and mortgage instruments, and leases exceeding one year to be in writing to be enforceable.
Express vs. implied 
An express contract is one in which all the terms and covenants of the agreement have been manifestly stated and agreed to by all parties, whether verbally or in writing.
An implied contract is an unstated or unintentional agreement that may be deemed to exist when the actions of any of the parties suggest the existence of an agreement.
A common example of an implied contract is an implied agency agreement. In implied agency, an agent who does not have a contract with a buyer performs...

https://www.learndesk.us/class/6620336978132992/lesson/fcb23b6b9c359ddedf88055737381847?ref=outlook-calendar
STATUS:CONFIRMED
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