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.
The distinct difference between a formal contract and an informal contract is its enforceability in a court. An enforceable contract is one that contains certain elements, like offer, acceptance, and consideration, and is in written form.An informal contract does not contain the same elements and can be oral. typical formal real estate contract may look like this. Another type of contract is a marriage license. When two lovebirds make a legal commitment, the marriage license is registered with the court. Not every contract requires such legal mumbo-jumbo. Some contracts are as simple as giving one's word and a handshake.