Contracts
In Louisiana, a purchase agreement is considered 'bilateral' because:
AIt requires two notaries to authenticate
BBoth parties (buyer and seller) make binding promises — the buyer promises to buy and the seller promises to sell✓ Correct
CIt must be signed in two separate locations
DIt requires approval from two government agencies
Explanation
A bilateral contract contains mutual promises — both parties are obligated. In a Louisiana purchase agreement, the seller promises to sell and the buyer promises to buy on the agreed terms.
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