Asked by Grace Devine on Jul 04, 2024
Verified
"I promise to pay you $100 if you will promise to fix my car next month." This is an offer for a unilateral contract.
Unilateral Contract
A contract where only one party promises a reward in exchange for the performance of a specific act by the other party.
- Recognize the differences between unilateral and bilateral contracts.
Verified Answer
WL
Watson LewisJul 09, 2024
Final Answer :
False
Explanation :
This is an offer for a bilateral contract because it involves a promise in exchange for a promise (the promise to pay in exchange for the promise to fix the car).
Learning Objectives
- Recognize the differences between unilateral and bilateral contracts.