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Express Contracts
An express contract is a clearly stated agreement between parties, where the terms are explicitly mentioned either orally or in writing.
Implied Contracts
Agreements inferred from the actions, behavior, or circumstances of the parties involved, rather than from written documentation or explicit verbal agreement.
Article 2
Refers to a section of the Uniform Commercial Code that governs the sale of goods.
Bilateral Contract
An agreement where each of the two parties makes a promise or set of promises to the other.
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