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#contracts
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Types of contract?
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Feb 29
1. Express contract: A contract where the terms are explicitly stated, either orally or in writing.
2. Implied contract: A contract where the terms are not explicitly stated, but are inferred from the actions or conduct of the parties involved.
3. Unilateral contract: A contract where one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A contract where both parties make promises to each other.
5. Void contract: A contract that is not legally enforceable because it lacks certain essential elements, such as legality or capacity.
6. Voidable contract: A contract that is valid and enforceable, but can be voided by one of the parties due to certain circumstances, such as fraud or duress.
7. Executed contract: A contract that has been fully performed by both parties.
8. Executory contract: A contract where one or both parties have not yet fulfilled their obligations.
9. Adhesion contract: A contract where one party has significantly more bargaining power than the other, leading to unfair terms and conditions.
10. Aleatory contract: A contract where the performance of one or both parties is dependent on an uncertain event, such as a natural disaster or a financial market fluctuation.
2. Implied contract: A contract where the terms are not explicitly stated, but are inferred from the actions or conduct of the parties involved.
3. Unilateral contract: A contract where one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A contract where both parties make promises to each other.
5. Void contract: A contract that is not legally enforceable because it lacks certain essential elements, such as legality or capacity.
6. Voidable contract: A contract that is valid and enforceable, but can be voided by one of the parties due to certain circumstances, such as fraud or duress.
7. Executed contract: A contract that has been fully performed by both parties.
8. Executory contract: A contract where one or both parties have not yet fulfilled their obligations.
9. Adhesion contract: A contract where one party has significantly more bargaining power than the other, leading to unfair terms and conditions.
10. Aleatory contract: A contract where the performance of one or both parties is dependent on an uncertain event, such as a natural disaster or a financial market fluctuation.
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