Which of the Following Is an Example of a Bilateral

question 22

Multiple Choice

Which of the following is an example of a bilateral contract?

• A)I promise to pay you $500 if you will create a website for me and you promise to create the website within 2 weeks.
• B)You and I contribute $500 each as collateral for a new business that will create websites for small businesses.
• C)You create a website for me and I promise to pay you $500 for the work within 2 weeks.
• D)All of the above

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Definitions:

Stare Decisis

A legal principle that obligates courts to follow historical cases when making a ruling on a similar current or future case.

Federal Court Decisions

Judicial rulings made by federal courts, including district courts, appellate courts, and the Supreme Court of the United States.

Commerce Clause

The Commerce Clause is a provision in the U.S. Constitution granting Congress the power to regulate trade and commerce among the states, with foreign nations, and with Native American tribes.

Federal Government

The governing body of a nation, state, or community that operates at the national level, making and enforcing laws over a certain territory.