Asked by Oreyonda Scott on Jun 03, 2024
Verified
In a unilateral contract,one party's consideration is a promise and the other party's consideration is an act.
Unilateral Contract
An agreement in which one party makes a promise in exchange for an act performed by another party.
Consideration
In contract law, a crucial element that refers to something of value promised to another when making a contract.
- Differentiate between bilateral and unilateral contracts, noting the differences in their consideration obligations.
Verified Answer
MB
Maame BonneyJun 09, 2024
Final Answer :
True
Explanation :
In a unilateral contract (a promise for an act),one party's consideration is a promise and the other party's consideration is an act.
Learning Objectives
- Differentiate between bilateral and unilateral contracts, noting the differences in their consideration obligations.
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