QuestionAugust 10, 2025

Consideration can be a(n) __ in the case of a bilateral contract. Multiple Choice exchange promise gift act

Consideration can be a(n) __ in the case of a bilateral contract. Multiple Choice exchange promise gift act
Consideration can be a(n) __ in the case of a bilateral contract.
Multiple Choice
exchange
promise
gift
act

Solution
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Answer

promise Explanation In a bilateral contract, consideration refers to something of value that is exchanged between the parties involved. This can be a promise or an act but not a gift, as gifts do not involve mutual exchange.

Explanation

In a bilateral contract, consideration refers to something of value that is exchanged between the parties involved. This can be a promise or an act but not a gift, as gifts do not involve mutual exchange.
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