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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

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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

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Bilateral contracts

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These are contracts that involve no negotiations. Therefore, they are take it or leave it. E.g. Airline tickets, insurance policies, parking tickets, tickets to events, etc. Courts interpret the terms of these strictly.Choose matching termCausationConduct as a form of acceptanceContractsStandard form agreements

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