Contract is one which is made by words spoken or words is called ........

Indian Contract Act (ICA)1872 Performance of a Contract

Contract is one which is made by words spoken or words is called____________.

quasi contract.

express contract.

implied contract.

executed contract.

- Express Contract:

- Made by words, either spoken or written.

- Terms are clearly stated by the parties involved.

- Communication is explicit and direct.

- Correct Answer

- Quasi Contract:

- Not a true contract.

- Implied by law to prevent unjust enrichment.

- No words or mutual agreement involved.

- Implied Contract:

- Formed by behavior or circumstances.

- Not explicitly stated.

- Actions or conduct assume agreement.

- Executed Contract:

- Fully performed contract.

- All terms have been met by parties involved.

- Focuses on completion, not formation by words.

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