Question: A ( n ) contract is entered into by way of an exchange of promises between the contracting parties. A . bilateral B . quasi

A(n)
contract is entered into by way of an exchange of promises between the contracting parties.
A. bilateral
B. quasi-
C. virtual
D. promise for an act
E. unilateral
A(n) contract is entered into by way of an exchange of

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:

31. Under the objective theory of contracts, the intent of a party to enter into a contract may be proven through subjective evidence of what that party to the contract may have been thinking at the...

Q:

18. A corporation itself may be convicted of a crime. A. True B. False 19. An employee who commits a crime because he was ordered by his boss to commit the crime has a good defense to any criminal...

Q:

Choose the correct answer Multiple Choice: Write the letter of correct answer on the space provided before each number. 1. A contract that can stand by itself is known as: a. Accessory contract b....

Q:

Jeremiah promises to pay Delilah$7,000 if she retiles the floor in his gift shop. Jeremiah tells Delilah that the only way she can accept is by actually completing the task. The promise by Jeremiah...

Q:

une he or she entered into the contract. YALAM MALAYSIAN W A. True B False 53. A bilateral contract is a contract entered into by way of an exchange of promises of the parties. A. True B. False 54....

Q:

TRUE / FALSE A contract entered into by way of exchange of promises of the parties, a promise for a promise, is a bi - lateral contract. 2 . An agreement that is expressed in written or oral words is...

Q:

Flag this Question Question 110 pts (TCO 6) A contract in which agreement between parties has been inferred from the contract is known as an __________________. Irrevocable Contract Enforceable...

Q:

A contract entered into by way of exchange of promises of the parties, a promise for a promise, is called a Bilateral Contract. Group of answer choices True False

Q:

A contract entered into by way of exchange of promises of the parties, a promise for a promise, is called a Bilateral Contract. Group of answer choices True False

Q:

A contract entered into by way of exchange of promises of the parties, a "promise for a promise," is called a Bilateral Contract. True False

Q:

Margoles Publishing recently completed its IPO. The stock was offered at a price of $14 per share. On the first day of trading, the stock closed at $19 per share. a. What was the initial return on...

Q:

Wheels from a toy cart are rolled from a concrete sidewalk onto the following surfaces: A, a paved driveway; B, a grass lawn; C, close-cropped grass on a golf-course putting green. Due to slowing,...

Q:

1 0 : 2 8 LTE Assignment Question - Cost... ASSIGNMENT Due Date: Wednesday, 1 6 t h April 2 0 2 5 XYZ Manufacturing Company produces a single product. The following standards have been set for each...

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...