For a Bilateral Contract to Be Enforceable There Must Be

question 30

Multiple Choice

For a bilateral contract to be enforceable there must be:

• A) mutuality of obligation.
• B) an illusory promise.
• C) forbearance.
• D) adequacy of consideration.

---

Definitions:

Itinerant Sellers

Sellers who do not have a fixed place of business and travel from place to place to sell their goods or services.

Repudiated

Referring to the rejection or denial of a claim, agreement, or duty typically in a legal context.

Offer Accepted

The confirmation by one party to agree to the terms of an offer made by another party, leading to a contract.

Common Law

A legal system based on court decisions and customs, as opposed to statutory laws passed by legislatures.