"Reciprocal" Contracts means___________________?
Correct answer: C. Bilateral contracts
- A. One sided contracts
- B. Trilateral contracts
- C. Bilateral contracts
- D. None of above
Explanation
Reciprocal contracts involve mutual promises, with each promise serving as consideration for the other, so they are commonly described as bilateral contracts. A trilateral contract would involve three parties or sides, not merely mutual obligations.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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