Question: Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. True False Which of the following is a

Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree.

  1. True
  2. False

Which of the following is a definition for consideration?

  1. Being cordial in the negotiation of contracts.
  2. Refraining from unethical behaviour in the negotiation of contracts.
  3. Being cordial and refraining from unethical behaviour in the negotiation of contracts.
  4. The bargained-for exchange

Which of the following consists of an offer by one party and an acceptance of terms by the other party?

  1. Legal object
  2. Agreement
  3. Alliance
  4. Concurrence

What is the significance of an assignment being statutory rather than merely an equitable assignment?

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