Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer the below multiple choice question.

Please answer the below multiple choice question. This is for a Business Law course. ...

80.2K

Verified Solution

Question

Accounting

Please answer the below multiple choice question. This is for a Business Law course.

A contract is ________ if one promise is given in exchange for another, and each party is bound by the obligation. (4 points)

a. Unilateral

b. Bilateral

c. Lateral

d. Formal

Answer & Explanation Solved by verified expert
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

General Management
1.2K views

The BP spill is projected to cost over $40 billion to clean up, and the Exxon...

Accounting
1.2K views

Caro Manufacturing has two production departments, Machining and Assembly, and two service departments, Maintenance and Cafeteria. Direct...

Calculus
1.2K views

Problem 3 6 points Compute the rate of change of the function f x y...

Accounting
1.2K views

11. (4 points) Teng uses the FIFO method of Process Costing. The following amounts were...

Accounting
1.2K views

Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013...

Accounting
1.2K views

Magic Systems, Inc., sells computer hardware to end consumers. The CX30 is sold as a...

Accounting
1.2K views

Jax Incorporated reports the following data for its only product. The company had no beginning...

Accounting
1.2K views

Name two assets for each that would be devalued using the following methods: 1)...

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

Accounting
1.2K views

Question 3 (20 points) In class discussions about uncertainty we assumed that the utility levels...

Accounting
1.2K views

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use...

Finance
1.2K views

please work!! 5 Yan Yan Corp. has a $2,000 par value bond...