... there is no contract and nothing signed Therefore, KCC restaurant can win and Albert has to pay for the cost of the food B The impact of different types of contract There are some types of contracts ... matter of the promise.’ (Elliott and Quinn, 2013, p 128) Another type of contract is implied contract First of all, like other types of contract, to be valid, an implied contract also includes offer ... information of a valid contract and its application in the business There are four essential elements which create a valid contract They are: offer and acceptance, consideration, capacity and...