Asked by Sayyam Tariq on Jul 16, 2024
Verified
Since it takes at least two parties to enter into an enforceable agreement,a contract cannot be classified as unilateral.
Unilateral
A term or action that is undertaken or decided by only one party involved, without the agreement or participation of others.
- Identify the distinctions between express, implied, unilateral, and bilateral contracts.
Verified Answer
FM
Fatima MuhammadJul 18, 2024
Final Answer :
False
Explanation :
All contracts can be classified as either bilateral or unilateral.Whether a contract is bilateral or unilateral depends on what response the offeror (the party proposing the contract)expects from the offeree (the person agreeing to or accepting the contract).
Learning Objectives
- Identify the distinctions between express, implied, unilateral, and bilateral contracts.
Related questions
The Terms in Express Contracts Are Clearly Set Forth in ...
If You Have a Dental Emergency and Your Dentist Pulls ...
While Negotiable Instruments and Recognizances Are Examples of Informal Contracts,letters ...
Clark Promises to Pay Mike $30 If Mike Will Mow ...
A(n) __________ Contract Is One in Which the Terms Have ...