A contract is ________ if the offeror's offer can be accepted only by the performance of an act by the offeree.
A)executed
B)executory
C)unilateral
D)bilateral

Question

Quizplus · Accepted Answer

A unilateral contract is one where the offeror's offer can be accepted only by the performance of an act by the offeree. This means that the offeror is not obligated to perform anything until the offeree has fulfilled their end of the agreement. Once the act is performed, the offeror is obligated to fulfill their promise. An example of a unilateral contract is a reward offer, where someone promises a reward for the return of lost property. The offeree must perform the act of returning the property to receive the reward.

A Contract Is ________ If the Offeror's Offer Can Be