Question

Mary offers to buy Hal's desktop computer for $400. Hal sends Mary an e-mail of acceptance. The $400 is to be paid upon Hal's delivery of the computer. Which of the following properly classifies this contract?A. This is a bilateral, valid, executory contract.B. This is a bilateral, valid, executed contract.C. This is a unilateral, express, executory contract.D. This is a unilateral, implied-in-fact, executed contract.

Answer 1

Answer:

A. This is a bilateral, valid, executory contract

Explanation:

As in the given scenario, the offer and acceptance is made between the Mary and Hal which reflect the valid contract as in this both parties have expresses to enter into a contract

Plus, it is a bilateral contract in which both parties agree to do his/ her positions.

And, it is also an executory contract in which the contract is completed at some future i.e in this case the contract is completed when delivery and payment are made.