Invalid Contracts

Invalid contracts are those agreements that are not enforceable by law. There are several types of invalid contracts, such as illegal, void, and voidable contracts. However, only illegal contracts cannot be classified on the basis of validity or enforceability. Let's see why.

Illegal Contracts

Illegal contracts are agreements that involve illegal activities or purposes. These contracts are considered void and unenforceable because they violate the law. For instance, a contract to sell illegal drugs or commit a crime is illegal and unenforceable. Therefore, illegal contracts cannot be classified as valid or enforceable because they are against the law.

Implied Contracts

Implied contracts are agreements that are not expressed in writing but are inferred from the actions or circumstances of the parties involved. These contracts are created by the conduct of the parties rather than their words. For example, if you go to a restaurant and order food, you are creating an implied contract with the restaurant to pay for the meal. Implied contracts can be enforceable if the parties can prove the existence of an agreement.

Bilateral Contracts

Bilateral contracts are agreements where both parties promise to perform certain duties or obligations. These contracts are the most common type of contract and can be written or verbal. For instance, if you hire a plumber to fix your kitchen sink, you are entering into a bilateral contract with the plumber. The plumber promises to fix the sink, and you promise to pay for the service. Bilateral contracts are enforceable as long as the parties fulfill their obligations.

Quasi Contracts

Quasi contracts are not actual contracts but rather legal remedies used to prevent unjust enrichment. These contracts are created by the court to prevent one party from benefiting at the expense of another party. For example, if a contractor mistakenly builds a house on your land, you are entitled to a quasi contract to compensate you for the value of the improvements. Quasi contracts are not enforceable as contracts but rather as remedies to prevent unjust enrichment.

Conclusion

In conclusion, only illegal contracts cannot be classified on the basis of validity or enforceability. Implied, bilateral, and quasi contracts can be valid and enforceable under certain circumstances, while illegal contracts are void and unenforceable because they violate the law.