A contract formed when a promise is exchanged for a promise is ...

[jazziefee]

A contract formed when a promise is exchanged for a promise is called a/an ________ contract; a contract resulting from a promise exchanged for performance is called a/an ________ contract.
 
  A) executory; executed B) implied; express
  C) bilateral; unilateral D) formal; informal

Question 2

What statute governs contracts for the sale of goods between merchants?
 
  A) the Statute of Liberty B) the Restatement (Second) of Contracts
  C) the Uniform Commercial Code D) the Statute of Frauds

[janieazgirl]

Answer to Question 1

C

Answer to Question 2

C

[jazziefee]

Thanks for the timely response, appreciate it

[peter]

Excellent