A Contract Is ________ If the Offeror's Promise Is Answered

question 148

Multiple Choice

A contract is ________ if the offeror's promise is answered with the offeree's promise of acceptance.

• A) unilateral
• B) bilateral
• C) executory
• D) executed
• E) formal

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Definitions:

Position

An investment holding that represents a partial ownership or obligation in a particular security or financial instrument.

Stock Index Futures

Futures contracts based on stock market indexes, allowing investors to speculate on the future value of the index or hedge against potential market movements.

Multiplier

A factor by which an increase in investment results in a greater increase in output.

Dollars

Dollars are a unit of currency used in the United States and other countries, serving as a medium of exchange, unit of account, and store of value.