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PART A: QUESTION NO 3:

1.On the basis of validity:


VALID CONTRACT:
  A valid contract, is an agreement enforceable by law because it has all the
essentials of a valid contract.
VOIDABLE CONTRACT
voidable contract takes place when the consent of one of the parties is not free.
2. On the basis of execution:
 EXECUTED CONTRACT
A contract is said to be executed when both the parties have completely performed
their obligations.
EXECUTORY CONTRACT
a contract is said to be executory when both the parties to a contract have yet to
perform their obligations.
3. On the basis of formation:
EXPRESS CONTRACT
 Where the offer or acceptance is made in words spoken or written, it is an express
contract.
IMPLIED CONTRACT
Implied contract is one, which is not made by words, written or spoken, but by the
acts and conduct of the parties.
4. On the basis of parties:
UNILATERAL CONTRACT 
Unilateral contract is one in which only one party has to fulfill his obligations at
the time of formation of the contract, the other party has already fulfilled his
obligations.
 BILATERAL CONTRACT
 it is a contact in which both the parties have yet to perform their obligations.
 Now according to these categories; the contract between Hamid and Alamgir
contractors is:
“Valid” on the basis of validity because it is enforceable by law as it has all the
essentials.
“Executed” on the basis of execution because duties has done by both the parties.
“Express” on the basis of formation because offer is in a written form.
“Bilateral” on the basis of parties because both parties have performed their
obligations.

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