A bilateral contract comes into existence at the moment promises are exchanged.
Correct Answer:
Verified
Q12: In contract law, intent is determined by
Q13: A contract is valid only if both
Q14: The element of intent is of prime
Q15: The only requirement of a valid contract
Q16: An offeree is a person who makes
Q18: A unilateral contract is formed at the
Q19: Informal contracts are usually based on their
Q20: Every contract involves at least three parties.
Q21: An unenforceable contract is one that cannot
Q22: Smith & Jones, Accountants, agrees to perform
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