Randy promises to give Stewart her iPod in exchange for Stewart's promise to pay Randy $50. This bilateral contract was created when
A)Randy offered to sell her iPod to Stewart.
B)Randy decided to sell her iPod.
C)Stewart promised to pay Randy $50.
D)Stewart became aware that Randy was willing to sell her iPod.

Question

Quizplus · Accepted Answer

A bilateral contract is formed when both parties exchange promises. Here, the contract was created when Stewart promised to pay Randy $50 in exchange for the iPod.

Randy Promises to Give Stewart Her IPod in Exchange for Stewart's