Business Studies, asked by gulbazmehjoor, 5 months ago

kinds of contract based on validity formation and performance ?​

Answers

Answered by ZehrilaBanda
6

Answer:

ᴏɴ ᴛʜᴇ ʙᴀsɪs ᴏғ ᴠᴀʟɪᴅɪᴛʏ. ᴛʏᴘᴇs ᴏғ ᴄᴏɴᴛʀᴀᴄᴛs ᴏɴ ᴛʜᴇ ʙᴀsɪs ᴏғ ғᴏʀᴍᴀᴛɪᴏɴᴏɴ ᴛʜɪs ʙᴀsᴇ ᴄᴏɴᴛʀᴀᴄᴛs ᴄᴀɴ ʙᴇ ᴄʟᴀssɪғɪᴇᴅ ɪɴᴛᴏ ᴛʜʀᴇᴇ ɢʀᴏᴜᴘs, ɴᴀᴍᴇʟʏ ᴇxᴘʀᴇss, ɪᴍᴘʟɪᴇᴅ, ǫᴜᴀsɪ ᴄᴏɴᴛʀᴀᴄᴛs. ᴇxᴘʀᴇss ᴄᴏɴᴛʀᴀᴄᴛs:ᴛʜᴇ ᴄᴏɴᴛʀᴀᴄᴛs ᴡʜᴇʀᴇ ᴛʜᴇʀᴇ ɪs ᴇxᴘʀᴇssɪᴏɴ ᴏʀ ᴄᴏɴᴠᴇʀsᴀᴛɪᴏɴ ᴀʀᴇ ᴄᴀʟʟᴇᴅ ᴇxᴘʀᴇssᴄᴏɴᴛʀᴀᴄᴛs.

Answered by varsha58167
1

Answer:

On the basis of Validity. Types of Contracts on the basis of FormationOn this base Contracts can be classified into three groups, namely Express, Implied, Quasi Contracts. Express Contracts:The Contracts where there is expression or conversation are called ExpressContracts.

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