Potential Factors
- A prior history of similar agreements
- When recipient accepts something of value knowing other party expects compensation
Read more about this topic: Implied-in-fact Contract
Famous quotes containing the words potential and/or factors:
“A child is born with the potential ability to learn Chinese or Swahili, play a kazoo, climb a tree, make a strudel or a birdhouse, take pleasure in finding the coordinates of a star. Genetic inheritance determines a child’s abilities and weaknesses. But those who raise a child call forth from that matrix the traits and talents they consider important.”
—Emilie Buchwald (20th century)
“The goal of every culture is to decay through over-civilization; the factors of decadence,—luxury, scepticism, weariness and superstition,—are constant. The civilization of one epoch becomes the manure of the next.”
—Cyril Connolly (1903–1974)