Asked by Hanan Basheer on May 14, 2024
Verified
Ms.White lost her puppy.She advertises a reward of $50 for the return of her puppy.What is the contractual nature of Ms.White's advertisement?
A) An offer for a unilateral contract
B) An invitation for an offer
C) An invitation for a gift
D) An acceptance on a bilateral promise
Unilateral Contract
A contract in which one party makes a promise in exchange for the other party's performance, becoming binding once performance is completed.
Bilateral Promise
An agreement in which two parties make commitments to perform certain actions or obligations to one another.
- Differentiate between unilateral and bilateral agreements.
Verified Answer
NE
Narjes ElkheshenMay 19, 2024
Final Answer :
A
Explanation :
Advertisements offering rewards for lost property are treated as offers for unilateral contracts.
Learning Objectives
- Differentiate between unilateral and bilateral agreements.