Ask Question
BusinessBusiness
11 July, 15:10

Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans the house by noon on Saturday and Valerie pays the $75, then this is an implied, bilateral, executory contract.

True / False.

+3
Answers (1)
  1. 11 July, 15:34
    0
    Answer: False

    Explanation:

    An implied contract is when two or more parties have no written contract, but there is an obligation based on fairness. A bilateral contract is an agreement between two parties whereby each person agrees to fulfill his or her side of the bargain

    An executory contract is a contract which has not yet been fully performed and both sides still have important performance remaining. The contract is not an implied, bilateral, executory contract.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans the house ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A new medication for schizophrenia appears to work because it blocks dopamine from binding to a receptor. the new medication functions as:
Answers (1)
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally much smaller than the world beta. is normally much higher than the world beta. is exactly equal to the world beta.
Answers (1)
27. You want to have $1 million in your savings account when you retire. You plan on investing a single lump sum today to fund this goal. You are planning on investing in an account which will pay 7.5 percent annual interest.
Answers (1)
When julie is focused on measuring performance and correcting as necessary, she is focusing on which of these managerial functions?
Answers (1)
Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan.
Answers (1)
New Questions in Business
Lake Charles Seafood makes 550 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts per day instead.
Answers (1)
In 2017, in a speech in China, Apple CEO Tim Cook stated that globalization is "great for the world ... I think the reality is you can see that countries in the world ... that isolate themselves, it's not good for their people.
Answers (1)
A demand curve that is horizontal indicates that the commodity
Answers (1)
An individual who make and sell goods and services are?
Answers (1)
Rhiannon Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.4 percent, a par value of $1,000, and a current price of $1,059. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Answers (1)
Home » Business » Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans the house by noon on Saturday and Valerie pays the $75, then this is an implied, bilateral, executory contract.
Sign Up Forgot Password?