Question

Jackson offers to pay Casey $50 for his used business law textbook. Casey agrees to sell it for that amount. They agree to meet one week later to exchange the money for the book. Casey and Jackson have formed:
a. a formal contract.
b. a bilateral contract.
c. a unilateral contract.
d. no contract.

Answer 1

Answer: b

Explanation:

Both parties are affected- they both agreed to meet and sell/buy the book.