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Which of the Following Statements Is False

question 1

Multiple Choice

Which of the following statements is false?


Definitions:

Bilateral Contract

A type of agreement involving two parties where each side promises to fulfill certain obligations to the other; a mutual exchange of promises.

Unilateral Contract

A type of contract in which only one party makes a promise or commitment in exchange for an act performed by the other party.

Illusory

Something that is misleadingly attractive or gives a false impression of reality.

Consideration

Something of value exchanged by the parties involved in a contract, making the agreement legally binding.

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