A contract that contains 2 promises. Acceptance in these represents the promise to perform. E.g. If you make a contract to sell someone your car, this is bilateral, because you promise to give your car and they promise to give you the money. These are made before either party embarks upon performance. Standard form agreements are a type of this.Choose matching termQualified privilegeFreedom of contractsBilateral contractsPositive form
Question
A contract that contains 2 promises. Acceptance in these represents the promise to perform. E.g. If you make a contract to sell someone your car, this is bilateral, because you promise to give your car and they promise to give you the money. These are made before either party embarks upon performance. Standard form agreements are a type of this.Choose matching termQualified privilegeFreedom of contractsBilateral contractsPositive form
Solution
Bilateral contracts
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