A contract which is not expressly stated but, given the actions of the parties, it is clear that one should have existed. Examples include an implied in fact contract where the parties acted as if they had assumed that a contract did exist; an implied in law contract where unjust enrichment would apply if a contract was not enforced, e.g. one party agrees to paint the home of … [Read more...]
IMPIGNORATA
Pledged; given in pledge, (pignori data;) mortgaged. A term applied in Bracton to land. Bract fol. 20. … [Read more...]
IMPLIED COVENANT
An implied obligation to an agreement, usually refers to the implied covenant of good faith and fair dealing that is present in any agreement. … [Read more...]
IMPIGNORATION
The act of pawning or putting to pledge. Impius et crudelis judicandus est qui libertat; non favet. He is to be judged impious and cruel who does not favor liberty. Co. litt 124. … [Read more...]
IMPLIED EASEMENT
An easement that is not written expressly but implied by the parties as being intended. … [Read more...]