When Does a Bilateral Agreement Go into Effect? Suppose in the previous example, Sailors Maritime had said to Barnes and Layton, We will consider your written acceptance of this new proposal as binding us to the payment of the 10 percent bonus. This statement would indicate the intent to create a bilateral contract, supported by mutual promises by both Sailors Maritime on the one hand and Barnes and Layton on the other.

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In the scenario youve described if Sailors Maritime states that they will consider Barnes an... View the full answer