Difference between revisions of "Bilateral contract"
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(New page: A '''bilateral contract''' is an agreement consisting of mutual promises by both sides of the agreement. A classic example of a bilateral contract is a promise by the owner of a house to ...) |
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Revision as of 17:10, September 28, 2007
A bilateral contract is an agreement consisting of mutual promises by both sides of the agreement. A classic example of a bilateral contract is a promise by the owner of a house to pay $1000 to a painter, who promises to paint the house for that amount.