Business, 10.04.2020 20:37 klpatrick853

Rick has a contract with Cyndie. Under the contract Rick promises to pay Cyndie for decorating services. Cyndie states she will perform but only if she has time. She does not promise her performance. The two parties reduce their contract to writing even though state law has no writing requirement. Cyndie performs on January 1 but Rick has not paid her yet. Which labels are appropriate for this contractual relationship?

a. Formal, unilateral, and executed
b. Informal, unilateral, and executory
c. Formal, bilateral, and executed
d. Informal, bilateral, and executory

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