7/21/25, 8:24
PM
SPEA-V 184 LAW AND PUBLIC AFFAIRS EXAM
2 QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++ 2025/2026
Terms in this set (27)
Bilateral Contract 2 parties exchange promises
Unilateral Contract one party makes a promise that the
other party can accept only by
actually doing something
Unilateral Offer requires specific task to be
performed by the buyer in order to
accept an offer on a specific item
Executory contract A contract that has not yet been fully
performed.
Executed Contract A contract that has been completely
performed by both parties.
Hybrid Contracts sale of both goods and services in the
same contract
Voidable one or both parties has the ability to
either withdraw from the contract or
1/
3
PM
SPEA-V 184 LAW AND PUBLIC AFFAIRS EXAM
2 QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS VERIFIED LATEST UPDATE
GRADED A++ 2025/2026
Terms in this set (27)
Bilateral Contract 2 parties exchange promises
Unilateral Contract one party makes a promise that the
other party can accept only by
actually doing something
Unilateral Offer requires specific task to be
performed by the buyer in order to
accept an offer on a specific item
Executory contract A contract that has not yet been fully
performed.
Executed Contract A contract that has been completely
performed by both parties.
Hybrid Contracts sale of both goods and services in the
same contract
Voidable one or both parties has the ability to
either withdraw from the contract or
1/
3
