Classes, netmasks, and /## are all about grouping addresses into blocks. I don't like to use classes because the concept is outdated--they insist on putting the border (of what part of the address can change and still be in the block) where one of the dots is when that restriction no longer exists because of CIDR (Classless InterDomain Routing). I prefer /## format over netmasks even though the dictate the same thing because with the /## format is easier when the border is not on the boundary.
In your list above, you have three blocks. (You call them class A, B, and C). You could represent them in slash notation like this:
192.0.0.1/2. The number after the slash simply specifies how many of the bits at the start of the address have to be the same for the address to be in the specified block. Each chunk of numbers between the dots is worth 8 bits. If you want to put the bondary of what can change somewhere between the dots, you have to convert the number between the dots to binary first. As a side note, most of these addresses are already assigned to someone and using them on a private network behind NAT could cause problems. You should only need to deal with routes for addresses like these if you are running some backbone router. Also, some addresses like 127.0.0.1/8 are reserved for special purposes and using them will also result in problems.
Routes tell your computer what to do with traffic depending on its destination. A route that says, for example,
184.108.40.206/16 dev eth0 it means send all traffic that has a destination address that starts with 192.168 out the interface eth0. If the route says
220.127.116.11/16 dev eth0 via 10.2.3.45 it means send all traffic that has a destination address that starts with 192.168 to 10.2.3.45 (hoping that 10.2.3.45 will know what to do with it. A default route is what the computer uses when it has no specific rule for the traffic. A default route will say what computer to send it to. Your computer will send all traffic it doesn't have a routing rule for to the address specified in hopes that computer will know what to do with it.
Your questions don't make a lot of sense to me, but hopefully you might be able to figure it out if you understand it. I'll try to do my best to answer the questions, but some of them are a little confusing.
I think the answer to question 1 is that it is valid because of CIDR. CIDR pretty much does away with classes.
As far as question 2 & default routes, my computer only picks one of them to use. If it isn't correct (the rule doesn't point to a valid router), the traffic is lost. If you want to balance connections, then you need to use bonding.