Multiple choice

Contracts may be classified on the basis of their validity, formation or performance. Contracts classified on the basis of formation are

  1. express contracts

  2. implied contracts

  3. quasi contracts

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Contracts classified on the basis of formation include all three types: express contracts (formed by words/written agreement), implied contracts (formed by conduct), and quasi-contracts (created by law to prevent unjust enrichment). Therefore, 'all of the above' is the correct answer as all represent valid formation modes.

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