A Contract in Which Both Parties Exchange Promises Is A

question 32

Multiple Choice

A contract in which both parties exchange promises is a:

• A) voidable contract.
• B) bilateral contract.
• C) unilateral contract.
• D) quasi contract.

---

Definitions:

Federal District Court

A general trial court of the United States federal court system that deals with both civil and criminal cases.

Age Discrimination in Employment Act

A U.S. federal law that prohibits employment discrimination against persons 40 years of age or older.

Arbitration

A method of resolving disputes outside the courts, where the parties present their case to a neutral third party, who makes a binding decision.

Alternative Dispute Resolution Act

Legislation that provides for the resolution of disputes through methods other than litigation, such as arbitration or mediation.