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CONTRACT

  • Dr.A.SUJATHA
  • DEPARTMENT OF COMMERCE
  • CPA COLLEGE
  • BODINAYAKANUR
  • 2019-2020

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CLASSIFICATION OF CONTRACT

CLASSIFICATION ON THE BASIS OF ENORECEABILITY

1. VALID CONTRACT

2. VOID AGREEMENT

3. VOID CONTRACT

4. IMPOSSIBLE AGREEMENTS

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  • 5.VOIDABLE CONTRACT
  • 6. ILLEGAL CONTACT
  • 7. UNENFORECEABLE CONTRACT

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CLASSIFICTION ACCORDING TO FORMATION

  • 1.EXPRESS CONTRACT
  • 2. IMPLIED CONTRACT
  • 3. QUASI CONTRACT

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CLASSIFICATION ON THE BASIS OF PERFORMANCE

  • 1.. EXECUTED CONTRACT
  • 2. UNILATERAL CONTRACT
  • 3. BILATERAL CONTRACT