Asked by
Katherine Reza Jaimes
on Nov 21, 2024
Verified
In a[n] ________ contract, the offeror wants a performance to form the contract.
A) Trilateral
B) Bilateral
C) Unilateral
D) Complete
E) Anticipatory
Unilateral Contract
A contractual agreement in which one party makes a promise in return for an act by another party.
Offeror
The offeror is the party in a contract who presents the terms of the offer to another party for acceptance, potentially leading to an agreement.
Performance
In legal terms, performance refers to the act of completing the duties or fulfilling the obligations specified in a contract.
- Differentiate the unique prerequisites and outcomes of bilateral and unilateral contracts.
Verified Answer
KP
Learning Objectives
- Differentiate the unique prerequisites and outcomes of bilateral and unilateral contracts.
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