Clay offers to pay Dot $50 for a golf lesson for Eula.They agree to meet the day after tomorrow to exchange the cash for the lesson.These parties have
A)a bilateral contract.
B)aquasi contract.
C)a unilateral contract.
D)no contract.

Question

Quizplus · Accepted Answer

A bilateral contract is formed when both parties make a promise to do something for each other. In this scenario, Clay promises to pay $50, and Dot promises to give a golf lesson to Eula. Both parties have agreed to exchange these promises, and there is mutual consideration (payment for the lesson). Therefore, this is a bilateral contract.

Clay Offers to Pay Dot $50 for a Golf Lesson