Question

what is contract? and it's kinds of contract.​

Answer 1

Answer:

The term contract is defined as an agreement between two or more parties which has a binding nature, in essence, the agreement with legal enforceability is said to be a contract. It creates and defines the duties and obligations of the parties involved.

Explanation:

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Answer 2

Answer:

Contract, in the simplest definition, a promise enforceable by law. The promise may be to do something or to refrain from doing something. The making of a contract requires the mutual assent of two or more persons, one of them ordinarily making an offer and another accepting.

• Types of contract
• Contract Types Overview.
• Express and Implied Contracts.
• Unilateral and Bilateral Contracts.
• Unconscionable Contracts.
• Adhesion Contracts.
• Aleatory Contracts.
• Option Contracts.
• Fixed-price contracts.
• Cost-plus contracts.
• Time and materials contracts.

Explanation:

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