Contracts
In South Carolina, 'bilateral contract' in real estate refers to:
AA contract with two pages
BA contract where both parties exchange promises — each party is both a promisor and promisee✓ Correct
CA contract involving two brokers
DA contract requiring two witnesses
Explanation
A bilateral contract involves mutual promises — both parties are obligated to perform. Most real estate purchase contracts are bilateral: the seller promises to convey title and the buyer promises to pay the purchase price.
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