A contract is ________ if the offeror's promise is answered with the offeree's promise of acceptance.
A) executory contract
B) executed contract
C) unilateral contract
D) bilateral contract

Question

Quizplus · Accepted Answer

A bilateral contract is created when the offeror's promise is met by the offeree's promise of acceptance, forming a mutual agreement between the parties. Both parties are bound to perform their respective promises.

A Contract Is ________ If the Offeror's Promise Is Answered