Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have
A) a bilateral contract.
B) a void contract.
C) a unilateral contract.
D) no contract.

Question

Quizplus · Accepted Answer

A bilateral contract is formed when both parties exchange promises to perform, which is the case here as Clay promises to pay $50 and Dot promises to provide a golf lesson.

Clay Offers to Pay Dot $50 for a Golf Lesson