Question: Define the 4 classifications of contracts. In each classification list and define each concept. Use example format below. Be sure to define/explain each classification and

  • Define the 4 classifications of contracts. In each classification list and define each concept.

Use example format below. Be sure to define/explain each classification and term:

Explicitness -

  • Express Contract -
  • Implied Contract -
  • Quasi-Contract -

Mutuality -

  • Bilateral Contract -
  • Unilateral Contract -

Enforceability -

  • Void -
  • Voidable -
  • Valid -

Degree of completeness -

  • Executed contract -
  • Executory contract-

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