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.
Basic Terms: 1. express contract: verbal contract 2. implied contract: based in part on contract, canât find deal simply from the word of the parties. Law is the same for implied and express contracts 3. executory: executory contract is one that has not yet been performed.