tacit contract

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pooni

pooni (Querist)
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11 September 2008 i want to about tacit contract...can u give me an example of tacit contract?

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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13 September 2008 Tacit means something which is "unspoken or implied." An opinion or view which is not "voiced" is said to be tacit. In other words, a tacit point may be communicated indirectly in the form of gestures or signs. In some cases, a tacit piece of information need not be expressed with speech or words; it is inferred or understood (taken for granted) instinctively.

Here are a couple of sentences which will illustrate the meaning of the word with examples:

1. Her knowing smile gave me a tacit consent to make the next move.
2. Both parties are bound by a tacit contract, because they trust each other blindly.

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