Bill getting a taxi and asking to go to the airport is an example of which type of contract?

The scenario of Bill getting into a taxi and asking to go to the airport exemplifies an implied contract. This is because there is an understanding that by getting into the taxi and requesting a ride to a specific destination, both parties—the passenger and the driver—are entering into an agreement. The passenger implies that they will pay the fare for the service provided, and the driver implies that they will transport the passenger to the requested location.

In implied contracts, the agreement is not explicitly stated or written but is understood through the actions of the parties involved. In this case, the act of getting into the taxi and communicating the destination signifies mutual consent to the terms of transport and the associated fare, even though there is no formal written or verbally articulated contract.

Other types of contracts, such as verbal contracts, would require explicit oral agreement on terms, while written contracts involve a documented agreement. A purchase contract typically refers to the sale of goods or real property, which is not what is taking place in this taxi scenario. Understanding the nature of implied contracts helps in recognizing everyday transactions where agreements are formed through actions rather than formal language.