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Using your own words, describe the differences between a unilateral contract and a bilateral contract. Describe in detail one bilateral contract into which you have

  1. Using your own words, describe the differences between a unilateral contract and a bilateral contract.
  2. Describe in detail one bilateral contract into which you have entered. (You've all entered into many in your lives). Please identify the promises that were exchanged. What were the circumstances surrounding the creation of the contract? How did you negotiate it?

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