Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3.    a bilateral contract consists of a promise f

   A bilateral contract consists of a promise for a promise. True or False?    Silence, as a general...

90.2K

Verified Solution

Question

General Management

   A bilateral contract consists of a promise fora promise. True or False?

   Silence, as a general rule, cannot be used toform a contract. True or False?

  Under the Mailbox Rule, an acceptance is effectiveas soon as it is sent. True or False?

A promise to do something that you are already obligated to dois not valid consideration. true or False?

Answer & Explanation Solved by verified expert
4.2 Ratings (560 Votes)
A bilateral contract consists of a promise for a promise True Bilateral Contract is a contract where the two parties exchange their promise for a promise For example if you want to buy something from    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Write a broad description of how the cranial characteristics of the forehead changed over time. Going...

Biology
1.2K views

Only viral DNA enters into a bacterial host during a viral infectionTrueFalse

Accounting
1.2K views

ABC Company took a physical inventory at the end of the year and determined that...

Accounting
1.2K views

26 Natalie is single and wishes to save her income for use in retirement,...

Accounting
1.2K views

The management of Osborn Corporation is investigating an investment in equipment that would have a...

Accounting
1.2K views

Adjusting Entries: Prepaid rent at 1/1/1X was $30,000. During 201X rent payments of $110,000 were...

Accounting
1.2K views

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results...

Accounting
1.2K views

la variacin del precio del material se calcula con base en la cantidad de materiales...

Accounting
1.2K views

On January 1, 2021, Shell Corporation issued $ 600,000,9%, 5-year bonds, dated January 1, 2021,...

Accounting
1.2K views

Which of the following would be included in cash and cash equivalents on the balance...

Accounting
1.2K views

A company that uses job order costing reports the following information. Overhead is applied at...

Finance
1.2K views

Search for the most recent annual report for any 2 companies(public corporations, which are trading...