A Contract Is Bilateral Contract If the Offeror's Promise Is

question 22

True/False

A contract is bilateral contract if the offeror's promise is answered with the offeree's promise of acceptance.

---

Definitions:

Internal Accounting Records

Documents and records kept by a company that detail its financial transactions, assets, liabilities, and equity.

Consolidated Total Expenses

The aggregate expenses of both the parent company and its subsidiaries, as presented in the consolidated financial statement.

Trademark

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Undervalued

Describes a security or asset selling for less than its intrinsic or true value, indicating a potential investment opportunity.