When someone accepts an offer by an exchange of mutual promises, what kind of contract has been formed?
A) implied
B) unilateral
C) executed
D) commercial
E) none of the other choices

Question

Quizplus · Accepted Answer

When a contract is formed through the exchange of mutual promises, it is known as a bilateral contract, which is not listed among the provided options. Therefore, none of the other choices accurately describe this type of contract.

When Someone Accepts an Offer by an Exchange of Mutual