Examlex

Solved

Key Terms Instructions: Please Define the Following Key Terms. Show Who

question 26

Essay

Key Terms
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Great Trek


Definitions:

Offer

A proposal by one party to enter into a legally binding agreement with another party.

Unilateral Contract

A contract in which only one party promises to perform without requiring a reciprocal promise to act from the other party.

Bilateral Contract

A legally binding agreement involving two parties where each is obligated to fulfill their respective promises or actions.

Enforceable Agreement

A contract or agreement that can be upheld and compelled by law.

Related Questions