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The contracts in which law creates certain rights & obligations similar to those of a contract are :
- a)Contingent contract
- b)Constructive contract
- c)Wagering contract
- d)Quasi contract
Correct answer is option 'D'. Can you explain this answer?
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The contracts in which law creates certain rights & obligations si...
And obligations between parties are called legal contracts. Legal contracts can be written or verbal and are enforceable by law. These contracts can be categorized into the following types:
1. Express contract: An express contract is a contract in which the terms are explicitly stated in writing or verbally by the parties involved.
2. Implied contract: An implied contract is a contract in which the terms are not explicitly stated but are inferred from the conduct of the parties involved.
3. Unilateral contract: A unilateral contract is a contract in which only one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A bilateral contract is a contract in which both parties make promises to each other.
5. Executed contract: An executed contract is a contract in which all parties have fulfilled their obligations under the contract.
6. Executory contract: An executory contract is a contract in which one or more parties have yet to fulfill their obligations under the contract.
7. Void contract: A void contract is a contract that is not legally binding and has no legal effect.
8. Voidable contract: A voidable contract is a contract that can be legally canceled or voided by one of the parties involved.
9. Unenforceable contract: An unenforceable contract is a contract that cannot be enforced by law due to certain legal limitations or technicalities.
10. Adhesion contract: An adhesion contract is a contract in which one party has significantly more bargaining power than the other party, resulting in an unfair or one-sided agreement.
1. Express contract: An express contract is a contract in which the terms are explicitly stated in writing or verbally by the parties involved.
2. Implied contract: An implied contract is a contract in which the terms are not explicitly stated but are inferred from the conduct of the parties involved.
3. Unilateral contract: A unilateral contract is a contract in which only one party makes a promise in exchange for the performance of an act by the other party.
4. Bilateral contract: A bilateral contract is a contract in which both parties make promises to each other.
5. Executed contract: An executed contract is a contract in which all parties have fulfilled their obligations under the contract.
6. Executory contract: An executory contract is a contract in which one or more parties have yet to fulfill their obligations under the contract.
7. Void contract: A void contract is a contract that is not legally binding and has no legal effect.
8. Voidable contract: A voidable contract is a contract that can be legally canceled or voided by one of the parties involved.
9. Unenforceable contract: An unenforceable contract is a contract that cannot be enforced by law due to certain legal limitations or technicalities.
10. Adhesion contract: An adhesion contract is a contract in which one party has significantly more bargaining power than the other party, resulting in an unfair or one-sided agreement.
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The contracts in which law creates certain rights & obligations si...
Quasi contract because it is an contract in which both the parties have not intention to enter the contract but law implies the contract between both parties
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The contracts in which law creates certain rights & obligations similar to those of a contract are :a)Contingent contractb)Constructive contractc)Wagering contractd)Quasi contractCorrect answer is option 'D'. Can you explain this answer?
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