In a Bilateral Contract, Each Party Will Be a Promisor

question 4

Multiple Choice

In a bilateral contract, each party will be a promisor and, therefore, each party will:

• A) be an obligor.
• B) be able to avoid the contract.
• C) not be in privity of contract.
• D) be an agent for the other side.

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Definitions:

Biological Parents

The parents who are genetically related to the child, through whose gametes the child was conceived.

Adopted Siblings

Children brought into a family through adoption who are not biologically related but are considered siblings within their adoptive family.

Five-Factor Theory

A model proposing five core dimensions, namely openness, conscientiousness, extraversion, agreeableness, and neuroticism, as the structure of human personality.

Openness to Experience

One of the five personality traits of the Big Five personality theory, involving the appreciation for adventure, curiosity, and a range of experiences.