If Gwen hands Lisa a detailed offer for the purchase of Lisa's pottery wheel and Lisa signs the offer without changing any of its terms, the parties have created a:
A) bilateral contract.
B) contingent contract.
C) unilateral contract.
D) multilateral contract.

Question

Quizplus · Accepted Answer

A bilateral contract is a promise for a promise, and the offeree must make the promise requested in the offer. So, if Gwen hands Lisa a detailed offer for the purchase of Lisa's pottery wheel, and Lisa signs the offer without changing any of its terms, both parties are bound on the terms of the offer.

If Gwen Hands Lisa a Detailed Offer for the Purchase