Contracts
When a seller accepts a buyer's offer, the resulting Purchase and Sale Agreement is a:
AUnilateral contract
BBilateral contract with promises on both sides✓ Correct
CVoid contract unless notarized
DLicense agreement only
Explanation
A P&S is a bilateral (two-sided) contract: the buyer promises to purchase on stated terms and the seller promises to sell on those terms. Both parties have obligations.
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