For a bilateral contract to be enforceable there must be:

Question

Quizplus · Accepted Answer

Mutuality of obligation means both parties must be bound by promises to perform. If only one party has an obligation to perform, it would be considered an illusory promise and the contract would not be enforceable. Forbearance and adequacy of consideration are important aspects of consideration, but they do not affect the enforceability of a bilateral contract as much as mutuality of obligation.

For a Bilateral Contract to Be Enforceable There Must Be