Implied Agreement Meaning

In addition, some jurisdictions impose restrictions on implied contracts. For example, a real estate transaction contract must be secured by a written contract in some jurisdictions. Unilateral error Normally, a unilateral error (i.e. A party error) is not a basis for avoiding a contract, but a contract containing a typing error can be corrected. A contract can be avoided if the value error is significant in what is to be exchanged or if the error was caused by the other party or if it is known. Unilateral errors often occur when a contractor makes an erroneous bid for a public contract. If such an offer is accepted, the contractor may avoid the contract only if the contract has not been performed or if the other party can be placed in the position it held before the contract. .

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