FUNDAMENTALS OF COMPUTER

TECHNOLOGYS ETHICAL LEGAL PRIVACY ISSUES

PROTECTING CONSUMER PRIVACY ONLINE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are the different types of contract?The different types of contract are express contract, ____ contract, unilateral contract, and bilateral contract.
A
voided
B
expired
C
implied
D
imperfect
E
unacceptable
Explanation: 

Detailed explanation-1: -Contracts can be of different types, including unilateral, bilateral, contingent, voidable, express, implied, executed, and executory contracts. It can be broadly classified based on quasi-contract.

Detailed explanation-2: -Generally you’ll come across one of three types of contract on a project: fixed price, cost-reimbursable (also called costs-plus) or time and materials.

Detailed explanation-3: -Learn about written, verbal, standard form and period contracts, and things to be aware of before you make an agreement.

Detailed explanation-4: -Business professionals primarily use two types of contracts-unilateral contracts and bilateral contracts. Unilateral contracts involve one party making a promise to a general group of people. Bilateral contracts need at least two parties to negotiate and act upon a promise.

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