If It Is Unclear Whether the Parties Formed a Unilateral

question 53

True/False

If it is unclear whether the parties formed a unilateral or bilateral contract, the courts presume the parties intended a bilateral contract.

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Definitions:

Coupon Bond

A type of bond that offers interest payments through periodic coupon payments to the bondholder and returns the principal at maturity.

Yields To Maturity

The total return anticipated on a bond if held until its maturity date, expressed as an annual rate.

Par Value

The nominal or face value of a bond or stock as stated by the issuer, which is often the amount paid out at maturity for bonds.

Increase In Value

The appreciation or upward adjustment in the price or worth of an asset over time.