In a bilateral contract,consideration for a promise is a completed act.

Name: In a bilateral contract,consideration for a promise is a completed act.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

In a bilateral contract, consideration for a promise is not necessarily a completed act. It can also be a promise to perform an act or refrain from doing something. Both parties must provide consideration in a bilateral contract.

In a Bilateral Contract,consideration for a Promise Is a Completed