Briefly discuss the meaning of bilateral, unilateral, executory, and executed contracts.
What will be an ideal response?
In a bilateral contract, both parties make a promise to do something. In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something. A contract is executory when it has been made but one or more parties have not yet fulfilled their obligations. A contract is executed when all parties have fulfilled their obligations.
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Answer the following statement true (T) or false (F)
A simple attribute has only one element
Indicate whether the statement is true or false
The _________ effect may explain much of the small-firm anomaly.
I. January II. neglected III. liquidity A. I only B. II only C. II and III only D. I, II, and III
Which of the following words is NOT a preposition?
A. To B. At C. And D. From