In general there are two forms of agreements:
-bilateral agreement -unilateral agreement Bilateral agreements The most common one. A promise in exchange for a promise. Both parties are bound on the exchange of the promise. e.g sales of goods agreement. Unilateral agreements A promise in exchange for an act. Only one party bound at the outset of the promise. The acceptance is the performance of the act. e.g offer for a reward such as promise to give a sum of money to anyone who fins the lost wallet
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