Which of the following was involved when the government, in attempting to help AIG, agreed to lend AIG up to $85 billion in exchange for nearly 80 percent of AIG's stock?
A) An accord and satisfaction
B) An accord but not a satisfaction
C) A unilateral contract
D) A bilateral contract
E) An unliquidated contract

Question

Quizplus · Accepted Answer

This situation describes a bilateral contract, where both parties, the government and AIG, agreed to exchange something of value: the government agreed to lend money, and AIG agreed to give stock in return.

Which of the Following Was Involved When the Government, in Attempting