A contract is bilateral contract if the offeror's promise is answered with the offeree's promise of acceptance.

Name: A contract is bilateral contract if the offeror's promise is answered with the offeree's promise of acceptance.
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A bilateral contract is a type of contract where both parties exchange mutual promises to perform an act. This means that both the offeror (person making the offer) and the offeree (person receiving the offer) make promises to each other in the contract.

A Contract Is Bilateral Contract If the Offeror's Promise Is