Mike is a painter who makes a verbal offer to paint Betty's house for $2,000 by May 1??.Betty verbally promises to pay Mike $2,000 for the paint job if he completes it by May 1??.This is an example of a(n)________.

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This is a bilateral contract because both parties have made promises to fulfill their obligations. Mike has promised to paint Betty's house, and Betty has promised to pay him $2,000 for doing so.

Mike Is a Painter Who Makes a Verbal Offer to Paint