Podcast
Questions and Answers
If you offer a general reward for finding your lost pen, which type of contract is created?
If you offer a general reward for finding your lost pen, which type of contract is created?
- Bilateral contract
- Multilateral contract
- Unilateral contract (correct)
- Trilateral contract
What type of contract involves two parties making promises to each other?
What type of contract involves two parties making promises to each other?
- Trilateral contract
- Bilateral contract (correct)
- Unilateral contract
- Multilateral contract
In a trilateral contract, how many parties are involved in making promises?
In a trilateral contract, how many parties are involved in making promises?
- One
- More than three
- Three (correct)
- Two
What type of contract involves more than three parties making promises to each other?
What type of contract involves more than three parties making promises to each other?
If you make a promise in return for a promise from another party, what type of contract are you engaged in?
If you make a promise in return for a promise from another party, what type of contract are you engaged in?
What is the key difference between a unilateral contract and a bilateral contract?
What is the key difference between a unilateral contract and a bilateral contract?
What distinguishes a multilateral contract from a trilateral contract?
What distinguishes a multilateral contract from a trilateral contract?
What characterizes a unilateral contract?
What characterizes a unilateral contract?
How does a bilateral contract differ from a multilateral contract?
How does a bilateral contract differ from a multilateral contract?
Which statement best describes the nature of trilateral contracts?
Which statement best describes the nature of trilateral contracts?
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