A Contract Is Formed by the Performance of the Requested

question 15

Multiple Choice

A contract is formed by the performance of the requested act in what kind(s) of contract?

• A)Bilateral.
• B)Unilateral.
• C)Both A and B.
• D)Neither A nor B.

---

Definitions:

Government Regulated

Refers to activities, industries, or services that are controlled or supervised by government agencies to ensure compliance with laws and regulations.

Entire Industry

Refers to all the businesses and organizations involved in the production, distribution, and sale of goods and services within a particular sector.

Demand Curve

A graphical representation showing the relationship between the price of a goods or services and the quantity demanded.

Substitutes

Products or services that can be used in place of each other, satisfying the same needs or wants of the consumer.