The elements of consideration, in a bilateral contract for a sale of goods, are the sale and the goods.
This statement is false.
A bilateral contract is the agreement between two parties in which each side pf the parties or contract agrees to fulfill their side of the bargain. Generally, bilateral contracts involves an equal and same obligation as well as consideration from the offeror and the offeree, although this case need not to be always necessary.
In the more complex situations, such as multinational trade negotiations, a bilateral contract can be called "side deal." IT means that both parties means the offeror and offeree are involved in the general negotiations but may also see the need for a separate contract relevant only to their shared interests.
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