In a Bilateral Contract,the Consideration for Each Promise Is ________

question 90

Multiple Choice

In a bilateral contract,the consideration for each promise is ________.

• A)An acknowledgement
• B)An agreement
• C)A completed act
• D)A return promise
• E)The beginning of action in acceptance,even if it is not complete

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Definitions:

Standard of Care

The degree of attentiveness, caution, and prudence that a reasonable person in the circumstances would exercise.

Sixteen-Year-Old

A term generally referring to an individual who is 16 years of age.

Reasonable Person Standard

A legal standard used to determine what a hypothetical, reasonable person would consider to be prudent or appropriate in a given situation.

Standard of Care

The degree of caution and attention to detail that a reasonable person should take in a particular situation, often used in legal contexts to determine negligence.