7. In contract law, bilateral means:(10 points) Responses A promise to work together A promise to work together A promise for a promise A promise for a promise A promise for an act A promise for an act A promise to pay

Answer 1

In contract law, "bilateral" refers to a "promise for a promise." This means that in a bilateral contract, both parties make promises to each other. Each party's promise serves as consideration for the other party's promise, creating a mutual obligation.