Classification Of contracts

viii) Valid contracts

ix) Void contracts
x) Voidable contracts
xi) Illegal contracts
xii) Unforceable contracts

Essentials Of a Valid Offer

Terms of an offer must be clear, specific, certain
and not vague.
Offer must create legal relationship.
Offer must be communicated to the person
whom it is made.
Offer may be express or implied, general or
specific. It may be positive or negative.
Two identical cross-offers do not constitute a
contract.
An offer can be made subject to any terms and
conditions.