Suppose Mary, the owner of the Chic Dress Shop, says to Peter, a painter, "If you promise to paint my store by July 1, I wi

Question

3 years ago

12

Suppose Mary, the owner of the Chic Dress Shop, says to Peter, a painter, "If you promise to paint my store by July 1, I wi

ll pay you $3,000." Peter says, "I promise to do so." A _____ was created at the moment Peter promised to paint the dress shop.

Business

1 answer:

pantera1 [17] · Answer 1 · 2022-03-31T15:59:11+03:00

Answer: bilateral contract

Explanation: In simple words, bilateral contract refers to an agreement under which two individual parties agree to satisfy the obligations of performing a specific activity.

In the given case, Peter promises to paint the store of Mary and Mary promises to pay him $3000.

Hence from the above we can conclude that the given case illustrates bilateral contract.

Suppose​ Mary, the owner of the Chic Dress​ Shop, says to​ Peter, a​ painter, "If you promise to paint my store by July​ 1, I wi

Suppose Mary, the owner of the Chic Dress Shop, says to Peter, a painter, "If you promise to paint my store by July 1, I wi