A Bilateral Contract Comes into Existence at the Moment Promises

question 3

True/False

A bilateral contract comes into existence at the moment promises are exchanged.

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Definitions:

Interpreting

The act of explaining the meaning of something, especially translating spoken language into another language.

Organizing

The process of arranging or structuring elements in a systematic way to achieve order and efficiency.

Selective Attention

Process of focusing on specific stimuli, locking on to some things in the environment and ignoring others.

Interpersonal Perception

The process of making judgments and forming opinions about other people's characteristics and intentions.