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.

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Definitions:

Preparing Report

The process of gathering and analyzing information on a specific topic or activity and presenting it in written or oral format.

Statement Purpose

A declaration outlining the intent or main objectives of a document, project, or speech, serving as a guiding principle.

Opening Statement

A preliminary remark or argument introduced at the beginning of a document, speech, or presentation to welcome the audience and set the context.

Infinitive Phrase

A grammatical term referring to the basic form of a verb preceded by 'to', functioning as a noun, adjective, or adverb in a sentence.