8 – Bilateral or Unilateral, Estoppel – Contract Law In Today’s Market
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Bilateral or Unilateral Contracts can be ‘bilateral’ or ‘unilateral’. In a bilateral contract, both parties are legally obligated to do something. For example, John promises to sell his home to Tom if in return Tom promises to pay the purchase price by a specified time. The contract is bilateral in that as soon as these […]