Examlex
If you deposit $100 into an account that pays 5% APR compounded daily, what would be the
value in the account after 30 years?
Express Contract
A contract explicitly stated by the parties, either orally or in writing, detailing the terms clearly.
Contract Formed
refers to the creation of a legally binding agreement that arises when an offer by one party is accepted by another party, meeting the necessary legal requirements.
Unilateral Contract
A contract where one party makes a promise in exchange for the performance of a specified act by the other party, who is not obligated to perform.
Quasi Contract
An obligation imposed by law to prevent unjust enrichment, where no actual contract exists.
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