What Are Bilateral and Unilateral Contracts? Explain with an Example

question 32

Essay

What are bilateral and unilateral contracts? Explain with an example each.

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Definitions:

Homeostatic

Relating to or denoting the self-regulating process by which biological systems tend to maintain stability while adjusting to conditions that are optimal for survival.

Sensitivity

The quality or condition of being sensitive; the ability to perceive or feel emotions or physical stimuli.

Emotional Tone

Emotional tone refers to the overall mood or emotional quality of a communication, situation, or experience, influencing how it is perceived.

Tempo of Activity

The speed or rate at which an action or task is conducted.