On the basis of which of the following types ‘express contracts’ and ‘implied contracts’ fall into?

The correct answer is: B. Based on creation.

An express contract is a contract that is created by the parties’ words, either orally or in

writing. An implied contract is a contract that is created by the parties’ actions, rather than their words.

Both express and implied contracts can be either executory or executed. An executory contract is a contract in which both parties have yet to fulfill their obligations. An executed contract is a contract in which both parties have fulfilled their obligations.

Therefore, express and implied contracts fall into the category of contracts based on creation.

Here is a brief explanation of each option:

• A. Based on execution: This option is incorrect because express and implied contracts can be either executory or executed.
• B. Based on creation: This option is correct because express and implied contracts are created in different ways.
• C. Based on enforceability: This option is incorrect because express and implied contracts can both be enforceable.
• D. Based on executory contracts: This option is incorrect because express and implied contracts can both be executory or executed.