• Define the 4 classifications of contracts. In each classification list and define each concept.

Use example format below. Be sure to define/explain each classification and term:

Explicitness -

• Express Contract -
• Implied Contract -
• Quasi-Contract -

Mutuality -

• Bilateral Contract -
• Unilateral Contract -

Enforceability -

• Void -
• Voidable -
• Valid -

Degree of completeness -

• Executed contract -
• Executory contract-