TYPES OF CONTRACT
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- Unconscionable contract – This contract is ascertained by examining and passing judgment on the condition of the individual parties when the contract was made. In the act of fraud and deceits, this contract is found. The intended misrepresentation of information keeps back someone of advantageous possession or ownership.
- Void contract – From the time of formation of a contract, the contract that becomes unenforceable and illegal is known as a void contract. For a contract to become void there are some extensions and reasons that can cancel it.
- Implied contract – This contract is not spoken or signed but is initiated by the actions of the individuals concerned. This contract is assumed to have been drafted since there is no original oral agreement or any written document under this contract.
- A contract under the sealed law – This contract does not need any attention and has the seal of the witness attached. It need not be writing on paper or to be in print.
- Unilateral contract – This contract is a functionary enforceable commitment that lawfully connects responsible parties. In this contract, one individual pays the other individual to execute a particular duty.
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