A Contract Is Bilateral Contract If the Offeror's Promise Is

question 22

True/False

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

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Definitions:

Derived

Obtained from a specific source or originating from something; made by altering or modifying something else.

Ectoderm

is the outermost layer of cells or tissue of an embryo in early development, giving rise to the epidermis and nervous system.

Notochord

A pliable stick-like structure composed of a substance akin to cartilage, offering support within all embryonic and certain adult members of the chordate group.

Dorsal Supporting Rod

A skeletal structure found in all chordates that provides axial support, better known as the notochord in embryonic stages.