When you make a non-cash deposit, that amount will be credited to your account before the bank receives the money. The credit will show the same date as the deposit and will be cleared later, usually to be made available on the following business day.
Express Contract Law & Legal Definition. An express contract is a contract whose terms the parties have explicitly set out. This is also termed as special contract.In an express contract, all the elements would be specifically stated. In an express contract, the agreement of the parties is expressed in words, either in oral or written form.For example, where a landlord presents âAâ with a preprinted lease on the apartment that âAâ wants and if he agrees to the terms and signs it, then it is an express, written contract.xpress Contract Law & Legal Definition. An express contract is a contract whose terms the parties have explicitly set out. This is also termed as special contract.
Express contracts consist of agreements in which the terms are stated by the parties. The terms may be stated orally or in writing. But the contract as a whole must reflect the intention of the parties. As a general rule, if an express contract between the parties is established, a contract embracing the identical subject cannot be implied in fact, as the law will not normally imply a substitute promise or contract for an express contract of the parties.