Asked by
Alyssa Mae Eguia
on Nov 21, 2024
Verified
In a bilateral contract, consideration for a promise is a return promise.
Bilateral Contract
A promise exchanged for a promise.
Consideration
In contract law, the value (which could be an action, object, or service) that is exchanged between parties entering into a contract.
- Understand bilateral and unilateral contracts through the lens of consideration and promises.
Verified Answer
AC
Learning Objectives
- Understand bilateral and unilateral contracts through the lens of consideration and promises.