Asked by Gopalakrishnan Manivel on May 08, 2024
Verified
Sara tells Kate that she will give her $50 to clean her garage.When Kate is halfway done,Sara decides to revoke her offer.Is this a valid revocation?
A) Yes,because Sara is the master of the offer here.
B) Yes,because Sara can revoke the offer any time she feels like.
C) No,because this is a valid contract that cannot be revoked.
D) No,because this is now a bilateral contract.
Bilateral Contract
A mutual agreement between two parties where each promises to perform an act in exchange for the other party's act.
Valid Contract
A legally binding agreement between parties that is enforceable by law, meeting all essential elements like offer, acceptance, consideration, and mutual intent.
- Distinguish between unilateral and bilateral contracts.
Verified Answer
CM
Ceaser MenchacaMay 11, 2024
Final Answer :
D
Explanation :
Once an offeree has started performance,it becomes a bilateral contract between the offeror and the offeree.It cannot be revoked until the completion of the performance.
Learning Objectives
- Distinguish between unilateral and bilateral contracts.