Asked by Gisella Perez on May 21, 2024

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If it is unclear whether the parties formed a unilateral or bilateral contract, the courts presume the parties intended a bilateral contract.

Bilateral Contract

A contract involving mutual obligations, where each party is both a promisor and a promisee.

Unilateral Contract

A contract in which one party makes a promise in exchange for the other party's performance of a specific task, rather than a promise in return.

  • Distinguish between the characteristics of unilateral and bilateral contracts.
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KJ
komal jhandMay 22, 2024
Final Answer :
True
Explanation :
Courts generally presume that a contract is bilateral, meaning both parties have mutual obligations, unless it is clearly stated or implied that the contract is unilateral, where only one party has an obligation to perform. This presumption helps in ensuring fairness and clarity in contractual obligations.