Contract Characteristics and Classification Quiz

What type of contract is made by words spoken or written?

Which type of contract is made otherwise than by words spoken or written?

When a contract has been fully performed by both parties, it is known as a(n) _____.

A contract that is binding on the parties but not fully executed is referred to as a(n) _____.

In which type of contract are the terms of the agreement implied from the conduct of the parties involved?

A contract created through actions or circumstances indicating mutual agreement could be classified as a(n) _____.

In an executed contract, what happens when both parties fulfill their obligations?

What distinguishes an executory contract from an executed contract?

In a quasi or constructive contract, how do rights and obligations arise?

What distinguishes an express contract from an implied contract?

What is a key characteristic of an implied contract?

Quasi or constructive contracts differ from express contracts in that they...

In a partly executed and partly executory contract, what can be said about the parties involved?

What is an example of an executed contract based on the provided text?

What happens to a void contract?

What characterizes a void agreement?

Which type of contract satisfies all the conditions prescribed by law?

What distinguishes a valid contract from a void contract?