When two or more persons enter into a contract with one or more other persons, the contract may be

When two or more persons enter into a contract with one or more other persons, the contract may be

• A. Joint, several
• B. Bilateral
• C. Unilateral
• D. Simple

Answer: (A)

When multiple people are involved on both sides of an agreement, the arrangement is described as joint, several. This term captures two ideas: joint means the parties share the obligation together, and several means each party can be held responsible for the entire obligation if needed. In practical terms, a creditor can sue any one of the debtors for the full amount, and that debtor may seek contribution from the others. This setup is the standard way to handle contracts with more than two parties, because it covers both collective liability and individual accountability. The other terms don’t fit this scenario as well. Bilateral refers to a mutual promise between two parties, which doesn’t address the multilateral nature here. Unilateral describes a contract where only one party makes a promise, with performance by the other. Simple is not a conventional classification for this context.

When multiple people are involved on both sides of an agreement, the arrangement is described as joint, several. This term captures two ideas: joint means the parties share the obligation together, and several means each party can be held responsible for the entire obligation if needed. In practical terms, a creditor can sue any one of the debtors for the full amount, and that debtor may seek contribution from the others. This setup is the standard way to handle contracts with more than two parties, because it covers both collective liability and individual accountability.

The other terms don’t fit this scenario as well. Bilateral refers to a mutual promise between two parties, which doesn’t address the multilateral nature here. Unilateral describes a contract where only one party makes a promise, with performance by the other. Simple is not a conventional classification for this context.