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What is Types of Contracts in Business Law about?

There are five main ways that contracts can be classified: 1. According to enforceability - contracts can be valid, void, voidable, or unenforceable. 2. According to formation - contracts can be express or implied. 3. According to performance - contracts can be executed, where all obligations are complete, or executory, where obligations remain. 4. According to parties - contracts can be unilateral, involving one bound party, or bilateral, involving obligations on both sides. 5. Special kinds - quasi-con

Author

Abidullah

Language

EN