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

question 18

Multiple Choice

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

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

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Definitions:

Invoice

A document issued by a seller to a buyer indicating the products or services provided, their quantities, and the agreed prices for products or services the seller has provided but not yet been paid for.

Debt

Money owed by one party to another.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services.

Payment

The amount of money transferred from one party to another in exchange for goods or services.