A bilateral contract is one in which
A) only one of the parties is obligated to act.
B) the promise of one party is given in exchange for the promise of the other party.
C) something is to be done by one party only.
D) a restriction is placed in the contract by one party to limit the performance by the other.
Answer: B) the promise of one party is given in exchange for the promise of the other party.
Business
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A note which has equal monthly payments that include both principal and interest would be:
A. Promissory note. B. Straight note. C. Amortized note. D. Term note.
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The United States is an example of a country that follows a fixed exchange-rate system
Indicate whether the statement is true or false
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