ContractsCâu 54 / 120
Which of the following best describes a bilateral contract?
a.Only one party is obligated to perform
b.No consideration is exchanged
c.It must always be oral
d.Both parties exchange mutual promises to perform
Giải thích
In a bilateral contract, both parties make enforceable promises, such as the buyer promising to pay and the seller promising to convey. A unilateral contract, by contrast, is a promise in exchange for an act.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Earnest money in a real estate contract functions primarily as:
- A financing contingency in a purchase contract protects the buyer by:
- The Texas 'option period' (termination option) in the standard residential contract generally allows the buyer to:
- When an offeree responds to an offer by changing a material term, the response is legally a:
- A contract that is missing an essential element and has no legal effect from the beginning is:
- A contract signed by a minor is generally considered:
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