Located on the Illinois River, Peru lies 3 miles west of the confluence of two major interstate highways: Interstate 39 and Interstate 80. The city is also the Western terminus of the historic Illinois and Michigan Canal.
express contract. Contract whose terms are clearly spelled out, usually in writing. Opposite of implied contract. Use 'express contract' in a Sentence. You need to make sure that you have a good express contract any time that you are making a quick deal. With the temperamental actor we thought it best to have a concise and express contract.
Types of Contracts Unliateral-A contract in which only one party involved in a contract makes a promise. Example: A real estate option is a unilateral contract. Sandy Seller can give Ricky Rehabber an option to buy her property. Sandy is obligated to sell if Ricky decides to exercise his right to buy. However, Ricky is under no obligation to buy.