Asked by Kaleb Shamburg on Jun 07, 2024

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Calvin tells Sara that he will sell her his car for $5,000.Sara agrees.The exchange is to take place in 10 days.The contract between Calvin and Sara is now:

A) unilateral,executory,and valid.
B) bilateral,executed,and voidable.
C) bilateral,executory,and express.
D) bilateral,executory,and implied.

Unilateral

Pertaining to an action or decision made by one party without agreement or consultation with others.

Executory

Pertaining to a contract or deal that has not yet been completed or fully executed by all parties involved.

Bilateral

Relating to agreements or actions involving two sides, parties, or countries, where each has obligations or considerations towards the other.

  • Describe and differentiate among several forms of contracts, such as implied, quasi, void, unenforceable, executed, unilateral, and bilateral contracts.
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ML
Miguel LeitaoJun 10, 2024
Final Answer :
C
Explanation :
The contract is bilateral because both parties have accepted it,executory because it is yet to take place,and express because it was orally agreed on.