Aaron Promises to Sell His Boat to Matt,and Matt Promises

question 23

Multiple Choice

Aaron promises to sell his boat to Matt,and Matt promises to buy it from Aaron.What type of contract is this?

• A)A unilateral contract
• B)A quasi-contract
• C)A bilateral contract
• D)A promissory estoppel contract

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Definitions:

Computer

An electronic device capable of processing, retrieving, and storing data, executing programmed instructions to perform a wide range of tasks.

Unlimited Wants

The economic concept that humans have a never-ending series of desires that cannot be fully satisfied.

Resources

The assets, materials, and inputs used by individuals or societies to produce goods and services.

Skilled Labor

Workers who have specialized skills, training, or education that allow them to perform complex job tasks effectively.