Asked by
Manish Poudel
on Dec 18, 2024Verified
Timmons promise to pay Carl $500 to come to his house to fix his computer's hard drive that crashed. Carl comes over and fixes the hard drive. This is what type of a contract?
A) A unilateral contract
B) A bilateral contract
C) An implied contract
D) A contract not supported by consideration
E) An invalid contract
Unilateral Contract
A type of agreement where an offer can only be accepted through the performance of an action by the party receiving the offer.
Hard Drive
A data storage device used for storing and retrieving digital information using rapidly rotating disks coated with magnetic material.
- Acquire a clear understanding of the role of consideration in contract law and its necessity for the creation of legally valid contracts.
- Acquire knowledge about the differences and similarities between bilateral and unilateral contracts, focusing on consideration and promises involved.
Verified Answer
FF
Learning Objectives
- Acquire a clear understanding of the role of consideration in contract law and its necessity for the creation of legally valid contracts.
- Acquire knowledge about the differences and similarities between bilateral and unilateral contracts, focusing on consideration and promises involved.