Contract law-Chapter 1-Bilateral and Unilateral contracts
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each promises to perform an act in exchange for the other party's act
in a bilateral contract what does each party do
A reciprocal arrangement between two parties
what is a brief definition of a bilateral contract
a contract which one party promises to pay the other party to perform a certain duty
what is a brief definition of a unilateral contract
in a bilateral contract, both parties make a promise in a unilateral contract, only one party makes a promise
what is the key difference between bilateral and unilateral contracts