Contracts
In Louisiana, a 'listing agreement' is best characterized legally as:
AA unilateral contract — only the broker makes a promise
BA bilateral contract — both the seller and broker exchange promises (the broker to use diligent efforts, the seller to pay commission if a sale is made)✓ Correct
CA gratuitous contract with no consideration
DAn option contract
Explanation
A listing agreement is a bilateral contract: the broker promises to use diligent efforts to find a buyer, and the seller promises to pay a commission if the broker's efforts are successful. Both parties make binding promises.
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