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Business law.
which one is the answer?
D. An auctioneer holding up an item during an auction. Question 15 Anne promised to sell Todd her truck. Todd promised to pay
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Answer #1

Answer is option C. Bilateral Contract.

"Where the Obligation or Promise in a contract is Outstanding on the part of both the parties, it is known as Bilateral Contract."

In the given case, Anne promised to sell her truck to Todd and Todd promised to pay $10000 to Anne. The promise made by both the parties are outstanding. Therefore, the given case is an example of Bilateral Contract.

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