What are the types of contracts?

In California contract law, there are four basic types of contracts. The first type is an express contract. An express contract is created when two parties clearly and explicitly state the terms of a contract in writing or verbally. This type of contract is binding, meaning both parties must fulfill their duties as outlined in the contract. The second type is an implied contract. An implied contract does not have any explicit terms and is created when the parties’ actions demonstrate an agreement to a certain set of conditions. This type of contract is also binding; however, it can be more difficult to prove since the agreement is not outlined explicitly. The third type of contract is a unilateral contract. This type of contract involves only one party that makes an offer and only becomes binding when the other party accepts the offer. The fourth type of contract is an adhesion contract. This type of contract is usually a standard contract where one party is not able to negotiate the terms. These types of contracts are usually found in standardized contracts such as insurance policies, cell phone contracts, and loan agreements. When entering into any type of contract, it is important to make sure you understand the terms outlined in the contract before signing. This is to ensure that both parties are clear on their rights and obligations and that the contract is legally binding.

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What are the types of contracts?

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