Question: A ( n ) contract is commonly defined as a promise in exchange for a promise. void unilateral voidable bilateral

A(n)
contract is commonly defined as a promise in exchange for a promise.
void
unilateral
voidable
bilateral
A(n) contract is commonly defined as a promise in exchange for

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The Bottled Water Company has been bottling and selling water since 1940. Ginnie Adams, the current owner of The Bottled Water Company, would like to know how a new product would affect the company's...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

1. A(n) ________ contract is commonly defined as a promise in exchange for a promise. Multiple Choice unilateral trilateral executed bilateral classified 2.) When a bilateral contract is being formed...

Q:

A(n) ________ contract is commonly defined as a promise in exchange for a promise. In a(n) ________ contract, the person making the offer wants a performance to form the contract. Question 6 options:...

Q:

Which contract classification is defined as a promise in exchange for a promise? Multiple Choice Unilateral Bilateral Implied Express

Q:

Which contract classification is defined as a promise in exchange for a promise? Multiple Choice Unilateral Bilateral Implied Express

Q:

A bilateral contract is commonly defined as a promise in exchange for a promise. True False

Q:

Question 6 6 ( 1 point ) A bilateral contract is commonly defined as a promise in exchange for a promise. True False

Q:

If one or both parties have the ability to either withdraw from the contract or enforce it, the contract is said to be: Multiple Choice valid unenforceable void voidable The mailbox rule applies to:...

Q:

Please help (business law) Which of the following describes a quasi-contract? Multiple Choice A contractual obligation imposed by court to prevent unjust enrichment. O A contract that arises from the...

Q:

MULTIPLE CHOICE 26. Contract law is said to be based on the existence and interpretation of the contract is based on the manifestations of intent by the parties. (1.5 PTS. EA) theory, meaning that...

Q:

convertible debentures. Each convertible bond has a face value of $1,000. Each convertible bond can be converted into 21 shares of common stock anytime before maturity. The stock price is $37.65 and...

Q:

The following is a block diagram of the control system for a robotic vehicle used to transport materials in a factory. The control system relies on a non-unity negative feedback system with sensor...

Q:

10. Which processor status flags are displayed by the DumpRegs procedure?

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...