Question $15(1$ point$)$

Contracts between two parties can be classified as either bilateral or unilateral, depending on whether one or both parties make legally enforceable promises. Contracts can be further classified as bargaining contracts or contracts of adhesion, depending on whether both parties, as equals, set the terms and conditions of the contract or whether the contract is prepared by one party and accepted by the other party without any bargaining between the parties. With respect to these contract classifications, life insurance are classified as

bilateral bargaining

bilateral contracts of adhesion

unilateral bargaining contracts

unilateral contracts of adhesion