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Contract Classification Guide

The document summarizes different ways that contracts can be classified. It discusses bilateral vs unilateral contracts, express vs implied contracts, and formal vs informal contracts. It provides examples of different types of contracts and has the user drag and drop the examples into the appropriate classification category on a diagram. The purpose is to help the user understand the primary ways contracts are classified.

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Eliverta Fifo
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103 views3 pages

Contract Classification Guide

The document summarizes different ways that contracts can be classified. It discusses bilateral vs unilateral contracts, express vs implied contracts, and formal vs informal contracts. It provides examples of different types of contracts and has the user drag and drop the examples into the appropriate classification category on a diagram. The purpose is to help the user understand the primary ways contracts are classified.

Uploaded by

Eliverta Fifo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1/27/22, 11:18 PM Assignment Print View

Score: 98.87/100 Points 98.87 %

https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=1.&postSubmissionView=13252705215596715&wid=1325271164… 1/3
1/27/22, 11:18 PM Assignment Print View
 
1. Award: 0.97 out of 0.97 points
 

Classification of Contracts
 
Contracts are classified in a number of different ways. Different classifications are useful for different purposes. This interactive reviews the
primary ways by which we classify contracts.
 
Review the "Classification of Contracts" section in Chapter 13 to understand the differences among bilateral, unilateral, express, implied,
formal, and informal contracts.
 
for
Reward
Handwritten
Written
Medical
$4,000—
of
Letter
The diagram below illustrates three different ways of categorizing contracts: (1) bilateral vs. unilateral; (2)
express vs. implied, and (3) formal vs. informal. First, roll over each title and read the scenarios given. Then
drag and drop the title into the appropriate circle on the diagram.

Medical Handwritten $4,000— Reward for


Written Terms Letter of Credit
Emergency Agreement Chimney Wallet

Formal Bilateral Implied Express Informal Unilateral


Contracts Contracts Contracts Contracts Contracts Contracts

$4,000— Medical Handwritten Reward for


Letter of Credit Written Terms
Chimney Emergency Agreement Wallet

References

Click and Drag Difficulty: 2 Medium Learning Objective: 13-03 How can we classify contracts?

Classification of Contracts
 
Contracts are classified in a number of different ways. Different classifications are useful for different purposes. This interactive reviews the
primary ways by which we classify contracts.
 
Review the "Classification of Contracts" section in Chapter 13 to understand the differences among bilateral, unilateral, express, implied,
formal, and informal contracts.
 

https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=1.&postSubmissionView=13252705215596715&wid=1325271164… 2/3
1/27/22, 11:18 PM Assignment Print View
for
Reward
Handwritten
Written
Medical
$4,000—
of
Letter

The diagram below illustrates three different ways of categorizing contracts: (1) bilateral vs. unilateral; (2)
express vs. implied, and (3) formal vs. informal. First, roll over each title and read the scenarios given. Then
drag and drop the title into the appropriate circle on the diagram.

$4,000— Medical Handwritten Reward for


Letter of Credit Written Terms
Chimney Emergency Agreement Wallet

Formal Bilateral Implied Express Informal Unilateral


Contracts Contracts Contracts Contracts Contracts Contracts

$4,000— Medical Handwritten Reward for


Letter of Credit Written Terms
Chimney Emergency Agreement Wallet

https://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=1.&postSubmissionView=13252705215596715&wid=1325271164… 3/3

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