Asked by
Mademoiselle Soriano
on Nov 21, 2024Verified
In a unilateral contract, the consideration for a promise is a[n] ________.
A) Action
B) Return promise
C) Acknowledgement
D) Consideration
E) Agreement
Unilateral Contract
A contract where only one party makes a promise or undertakes a performance without requiring a reciprocal agreement from the other party.
Consideration
In contract law, consideration refers to something of value exchanged between parties, forming the basis for a contract.
- Distinguish between bilateral and unilateral contracts and their respective considerations.
Verified Answer
TK
Learning Objectives
- Distinguish between bilateral and unilateral contracts and their respective considerations.