Question: Thoroughly answer each question below and provide examples in your response. What is the difference between a formal contract and an informal contract? What is

Thoroughly answer each question below and provide examples in your response.
What is the difference between a formal contract and an informal contract?
What is the difference between express and implied contracts?
How does a quasi-contract differ from an express or an implied contract?
How does someone distinguish between an executed and an executory contract?
What are the differences among valid contracts, void contracts, and voidable contracts?

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