John tells Sally he will sell her his car for $1,000.Sally agrees to buy the car on John's terms.The contract between John and Sally is:

Question

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This contract will be considered a bilateral and an executory contract.John tells Sally he will sell her his car and Sally agrees to buy the car on John's terms.A promise is exchanged for a promise in the above case which makes it bilateral and since the contract is not fully performed it is said to be executory.

John Tells Sally He Will Sell Her His Car for $1,000.Sally