Asked by Martie Coleman on May 11, 2024
Verified
Clark promises to pay Mike $30 if Mike will mow Clark's yard.This is an example of a bilateral contract.
Bilateral Contract
A type of contract involving two parties where each party makes a promise to the other, thus forming mutual obligations.
- Decipher the distinct characteristics of bilateral, unilateral, express, implied-in-fact, and quasi-contracts.
Verified Answer
CC
Camryn ChristensonMay 18, 2024
Final Answer :
False
Explanation :
This is an example of a unilateral contract because Clark is promising to pay Mike in exchange for a specific action (mowing the yard), rather than a promise from Mike to do so.
Learning Objectives
- Decipher the distinct characteristics of bilateral, unilateral, express, implied-in-fact, and quasi-contracts.
Related questions
The Terms in Express Contracts Are Clearly Set Forth in ...
While Negotiable Instruments and Recognizances Are Examples of Informal Contracts,letters ...
Since It Takes at Least Two Parties to Enter into ...
If You Have a Dental Emergency and Your Dentist Pulls ...
Calvin Tells Sara That He Will Sell Her His Car ...