Clay offers to pay Diane $50 for a golf lesson for Ewan. They agree to meet on Friday to exchange the cash for the lesson. These parties have made a bilateral contract. a unilateral contract. a void contract. an executive contract.

Bilateral contract: It is a legally binding contract between two or more parties, wherein each party agree to fullfil the promise made to each other.

There are four elements necessary for the existence of a bilateral contract:

Agreement.
Consideration.
Intention to create legal relations.
Certainty.

In the given case, Clay offers to pay Diane $50 for a golf lesson for Ewan, which they are fulfilling by agreeing to meet on Friday to exchange the cash for the lesson. Therefore, these parties have made a bilateral contract.

Clay offers to pay Diane $50 for a golf lesson for Ewan. They agree to meet on Friday to exchange the cash for the lesson. These parties have made​ ​a bilateral contract. ​a unilateral contract. ​a void contract. ​an executive contract.

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Clay offers to pay Diane $50 for a golf lesson for Ewan. They agree to meet on Friday to exchange the cash for the lesson. These parties have made a bilateral contract. a unilateral contract. a void contract. an executive contract.