Question

A properly signed exclusive right-to-sell listing agreement is an: Group of answer choices a. implied contract. b. unilateral contract. c. bilateral contract. d. purchase contract.

Answer 1

Answer:

Bilateral contract

Explanation:

A bilateral contract is a contract between two parties in which both the parties are trying to fulfill their side to bargain. At a multinational level, it is called a contact of a side deal. Both parties need to see a separate contract. Both parties are involved in the negotiations. It is also called a binding agreement. Any of the sales agreement is the example of the bilateral contract.  

For example, a person buying a car by exchange money and a seller give the car in exchange for money but if one party does not fill criteria then a breach of contract occurs.