Reggie Went to the Napa Valley Harvest Festival,when He Stopped

question 67

Multiple Choice

Reggie went to the Napa Valley Harvest Festival,when he stopped at Tracy's booth where she was selling paintings of vineyards.Reggie admired a painting of vineyards,which did not appear to be for sale.Reggie said to Tracy,"I will give you $200 if you give me that painting right now." Tracy said nothing in response,but she gave Reggie the painting,and Reggie gave her $200 in cash.This is an example of a contract that is now:

• A)bilateral and executed.
• B)bilateral and executory.
• C)unilateral and executed.
• D)unilateral and executory.

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Definitions:

Trials

Formal judicial proceedings where disputes are resolved and judgments are made based on evidence presented.

Cross-Examination

The interrogation of a witness by the opposing party in a court of law, following the initial examination.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties to reach a mutually acceptable agreement.

Arbitration

is the process of resolving disputes outside courts, where a neutral third party makes a decision after hearing both sides.