A Bilateral Contract

question 36

Multiple Choice

A bilateral contract

• A)can occur as a result of a tendering process.
• B)always imposes obligations on only one party.
• C)must always be accepted through words rather than through conduct.
• D)does not require a meeting of the minds.
• E)always starts with an invitation to treat.

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Definitions:

Egocentrism

A cognitive characteristic where an individual has difficulty understanding or assuming any perspective other than their own.

Irreversibility

The concept that some processes or actions cannot be undone or returned to their original state.

Egocentric Thinking

A way of thinking in which a person views everything in relation to themselves, without considering the perspectives or feelings of others.

Conservation

The understanding that certain properties of an object or substance do not change when its appearance is altered in some superficial way, essential in cognitive development according to Piaget.