Coworkers Mindy and Jerome agree that Mindy will drive them to work every weekday for one month, and then Jerome will drive them both to work every weekday the following month. This arrangement is a (n)

Question

Dante

Social Studies

5 November, 10:10

Coworkers Mindy and Jerome agree that Mindy will drive them to work every weekday for one month, and then Jerome will drive them both to work every weekday the following month. This arrangement is a (n)

+4

Answers (1)

Know the Answer?

Paulina Potter · Answer 1

Answer:A bilateral executory contract

Explanation:A bilateral executory contract is a contract that binds parties legally to carry our a certain performance at an agreed upon date in the future, if this performance is not carried out then the contract is not fulfilled. An example is a joint venture

This type of contract is more common in personal contracts and most businesses.

The promise you make to carry out a particular action for another person is a bilateral contract an agreement between two parties.

What is a unilateral contract?

This is a contract in which an individual promises to carry out an action only an individual no two parties involved.