Mary offers to buy Hal's desktop computer for $400. Hal sends Mary an e-mail of acceptance. The $400 is to be paid upon Hal's delivery of the computer. Which of the following properly classifies this contract? A. This is a bilateral, valid, executory contract. B. This is a bilateral, valid, executed contract. C. This is a unilateral, express, executory contract. D. This is a unilateral, implied-in-fact, executed contract.

Question

Rodney Villa

Business

29 November, 04:22

Mary offers to buy Hal's desktop computer for $400. Hal sends Mary an e-mail of acceptance. The $400 is to be paid upon Hal's delivery of the computer. Which of the following properly classifies this contract? A. This is a bilateral, valid, executory contract. B. This is a bilateral, valid, executed contract. C. This is a unilateral, express, executory contract. D. This is a unilateral, implied-in-fact, executed contract.

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Answers (1)

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Hallie Schultz · Answer 1

A. This is a bilateral, valid, executory contract

Explanation:

As in the given scenario, the offer and acceptance is made between the Mary and Hal which reflect the valid contract as in this both parties have expresses to enter into a contract

Plus, it is a bilateral contract in which both parties agree to do his / her positions.

And, it is also an executory contract in which the contract is completed at some future i. e in this case the contract is completed when delivery and payment are made.