The Basic Distinction Between a Bilateral Contract and a Unilateral

question 11

Multiple Choice

The basic distinction between a bilateral contract and a unilateral contract is that

• A)only one promise is involved in a bilateral contract.
• B)only one promise is involved in a unilateral contract.
• C)the Statute of Frauds applies to one and not the other.
• D)one is enforceable, the other is not.

---

Definitions:

Two-factor Theory

A psychological theory that asserts that human emotions are derived from a combination of physiological arousal and cognitive label.

Stanley Schachter

An American psychologist known for his development of the Two Factor Theory of Emotion, which suggests that emotions are determined by physiological arousal and cognitive labeling.

Jerome Singer

Jerome Singer is a psychologist known for his research in the areas of imagination, daydreaming, and the development of cognitive theories of emotion and personality.

Blood Sugar Levels

The concentration of glucose in the blood, important for the body’s energy management.