Question

2. On August 15, George tells Elaine that on August 29, he will sell her a portrait of him (painted several months earlier) if she agrees to now pay him $475 on August 29. Elaine agrees to buy the portrait on George’s terms. The contract between

Answer 1

The contract between them is bilateral and express.

Step-by-step explanation:

A bilateral contract is an agreement between two parties in which each side agrees to fulfill his or her side of the bargain. Here we read that both George and Elain have agreed on the proposition.

An express contract is one in which all elements are specifically stated in words. This may be written or oral. We read that they have agreed upon it orally.