Jonah tells Levi he will give him an Xbox if Levi does Jonah's chores for a month.Levi promises to do the chores.Jonah and Levi have formed

Question

Jonah tells Levi he will give him an Xbox if Levi does Jonah's chores for a month.Levi promises to do the chores.Jonah and Levi have formed​

Quizplus · Accepted Answer

A bilateral contract is formed when both parties exchange promises to perform certain actions or provide certain goods or services. In this scenario, Jonah promises to give Levi an Xbox if Levi does his chores for a month, and Levi promises to do the chores. Both parties have made promises and are therefore bound to perform their duties under the contract, indicating a bilateral contract has been formed.

Jonah Tells Levi He Will Give Him an Xbox If