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Match the Definition with the Term

question 63

Multiple Choice

Match the definition with the term.
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Definitions:

Bilateral Contract

A contract in which there is an exchange of promises: both parties assume an obligation.

Unilateral Contract

A contract in which only one party makes a promise or undertakes a performance to induce a second party to perform, without the second party similarly promising or performing.

Consideration

Something of value exchanged between parties within a contract, making the agreement legally binding.

Online Transactions

Financial or commercial activities conducted over the internet, including buying, selling, and the exchange of goods, services, and information.

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