Question

1. Match the terms to the appropriate definition.

Part A
a. Bilateral
b. Express
c. Formal
d. Informal
e. Unilateral
f. Implied
Part B
1. a contract formed by words
2. a contract that requires no special form
3. a contract that requires a special form
4. a promise for a promise
5. a promise for an act
6. a contract formed by the conduct of the parties

2. If the offeree can accept the offer with a return promise to perform, then the contract is unilateral.
a. True
b. False

Answer 1

1. Match the terms to the appropriate definition.

a. Bilateral

4. a promise for a promise

b. Express

1. a contract formed by words

c. Formal

3. a contract that requires a special form

d. Informal

2. a contract that requires no special form

e. Unilateral

5. a promise for an act

f. Implied

6. a contract formed by the conduct of the parties

2. If the offeree can accept the offer with a return promise to perform, then the contract is unilateral. FALSE