Asked by Kalya Allen on May 12, 2024
Verified
Most contracts are
A) bilateral.
B) unilateral.
C) unenforceable in court.
D) legal only if signed by a judge.
Bilateral
Relating to or involving two sides, parties, or countries, often used to describe agreements or communications.
Unilateral
Involving only one side or party, often referring to agreements or actions taken independently by one entity without the need for consent or participation of another.
- Recognize and delineate the various forms of agreements, including bilateral and unilateral contracts.
Verified Answer
KS
Kenzie ScottMay 15, 2024
Final Answer :
A
Explanation :
Most contracts are bilateral, meaning they involve two parties each with obligations to fulfill. Unilateral contracts involve one party making a promise in exchange for an act, but are less common. Contracts are generally enforceable in court unless they lack essential elements or involve illegal activities, and they do not need to be signed by a judge to be legal.
Learning Objectives
- Recognize and delineate the various forms of agreements, including bilateral and unilateral contracts.