BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The four “A’s” of a successful contract include ____
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A) avoid misunderstanding and assure work
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B) assure payment and avoid liability
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C) assess risk and analyze profit
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Both A and B.
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Explanation:
Detailed explanation-1: -On the basis of formation, the types of contracts are express contracts, quasi-contract, implied contracts, and E-contract. Based on performance, contract types are executed contracts, unilateral contracts, executory contracts, and bilateral contracts.
Detailed explanation-2: -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.
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