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You work for a software manufacturer, and the supervisor of your division has just informed your work team that the new software designed to give people access to the Internet keeps crashing. Your supervisor is under a deadline to detect the source of the problem and fix it, so he assigns you and four other employees to a "bug detector" group to find the problem and correct it. What will determine whether or not your group succeeds?
Bilateral Contract
An agreement where each of the two parties makes a promise or set of promises to the other.
Unilateral Contract
An agreement in which a promise by one party is exchanged for an act performed by the other party.
Executed
A term applied to a contract in which all of the terms have been fully performed.
Implied-In-Law
A legal obligation arising not from explicit agreement but from a duty inherent in social or legal traditions.
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