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1, Valid, Void, voidable, or unenforceable.

2 Express or implied

3 Bilateral or unilateral

4 Oral or Written

There you go! Straight from the texbook page 110 of Business Law.

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13y ago
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10y ago

Contract is classified by legal requirements set out within. When a contract is required to be drawn up the legal representative will ascertain the nature of the contracts intention and set out its classification by that information.

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12y ago

The five categories are: consensus, capacity, consideration, legality and intention.

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Q: What are the four ways that contracts are classified?
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