A Distinguishing Characteristic of Bilateral and Unilateral Contracts Is the Method

question 1

True/False

A distinguishing characteristic of bilateral and unilateral contracts is the method of exchange between the parties.

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Definitions:

Insurance Settlement

The agreement reached between the insurer and the insured to resolve a claim, resulting in payment to the insured or a third party.

Bits

The most basic data element in computer science, which can be a binary digit of 0 or 1.

Byte

A unit of digital information in computing and telecommunications that most commonly consists of eight bits, representing a single character of data.

Manufacturer

A company or individual that produces finished goods from raw materials on a large scale, using labor, machinery, and tools.