Solution Library

What Is A Contract That Has Been Fully Performed By Both Sides

Question

1. A contract is a(n) _____ if the offeror's promise is answered with the offeree's promise of acceptance.

a. Unilateral contract

b. Bilateral contract

c. Executed contract

d. Executory contract

 

2. A contract that has been fully performed by both sides is called an ______ contract.

a. Executor

b. Executed

c. Option

d. Executive

 

Summary

These multiple choice questions belong to Law. The 1st question discusses about the type of contract where offeror’s promise is answered with offeree’s promise of acceptance and the 2nd question discusses about what is a contract that has been fully performed by both sides.

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Comments

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