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Types of Contracts - Coggle Diagram
Types of Contracts
Specific Contracts
Indemnity
Bailment
Agency
Guarantee
Sale of Goods
Based on validity
Void ab initio
Incompetent to contract
Agreement without lawful consideration
Agreements without lawful object
Agreements declared by the ICA to be void (restraint of trade, marriage, wager, etc)
Valid
Voidable
Misrepresentation
Coercion
Fraud
Undue influence
Based on formation and nature of formation
Nature of offer/acceptance
Express
Oral
Written
Implied
Parties
Bilateral
Unilateral
Based on performance
Executed
Executory