Example of a contract


Raj went to the Napa Valley Harvest Festival and stopped at Tina's booth where she was selling paintings of vineyards. Raj admired a painting of vineyards, which did not appear to be for sale. Raj said to Tina, "I will give you $200 if you give me that painting right now." Tina said nothing in response, but she gave Raj the painting, and Raj gave her $200 in cash. This is an example of a contract that is now:

1) bilateral and executed.

2) bilateral and executory.

3) unilateral and executed.

4) unilateral and executory

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Business Management: Example of a contract
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