Fred states to Jim, Jim, I will promise to sell you my car for $5000 this Friday if you promise to pay me this Friday. Jim states, I promise. On Friday, Fred and Jim meet and exchange the monies and the car. Is this contract bilateral or unilateral, executory or executed, and express or implied? Analyze.

Answer rating: 100% (QA)

Fact Fred and Jim gets into a contract in which Fred promise to sell the car to Jim for 5000 and ... View the full answer