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:

Eye Contact

The act of looking directly into someone's eyes, which is an essential aspect of non-verbal communication.

Superior

Signifies something of higher quality or greater importance than other similar items or people.

Ballpark Figure

An estimate of what a number should be.

Kick-Off

The start or beginning of an event, project, or activity.