Asked by Sarah Saintilus on Apr 27, 2024
Verified
A bilateral contract is accepted when the offeree:
A) performs the requested act.
B) makes the promise requested by the offer.
C) accepts the offer in silence without prior indication.
D) makes additional inquiries regarding the terms.
Bilateral Contract
A contractual agreement involving two parties where each promises to perform an act in exchange for the other's act, with mutual obligations binding both parties.
Promised Offer
An offer made by one party to another indicating a willingness to enter into a contract under specified terms.
- Comprehend the variances between diverse types of contracts, for instance, unilateral as opposed to bilateral.
Verified Answer
GS
Gabriela SonzogniApr 28, 2024
Final Answer :
B
Explanation :
A bilateral contract involves the exchange of a promise for a promise.As a general rule,to accept an offer to enter such a contract,an offeree must make the promise requested by the offer.
Learning Objectives
- Comprehend the variances between diverse types of contracts, for instance, unilateral as opposed to bilateral.