Types Of Contact

Question 1

Can’t be perfected without compliance with the special formalities required by the law such as donations and mortgages of real property

Answer 1

Formal contract

Question 2

Result of written document or correspondence which the law does not require special formalities

Answer 2

Informal contract

Question 3

Those contract where the consent of the parties is given expressly in writing or verbally

Answer 3

Express contract

Question 4

Those contract where the consent of the parties is not given expressly but is deducible from the conduct or acts of the parties such as an implied agency

Answer 4

Implied contract