A unilateral contract is:
A) a promise for an act.
B) a promise for a promise.
C) an exchange of money in return for any other property of value.
D) an act for an act.
E) an exchange of money.

Question

Quizplus · Accepted Answer

A unilateral contract is a promise for an act. In a unilateral contract, one party makes a promise in exchange for the other party's performance of an act, such as completing a task or providing a service. The offeror is obligated to fulfill the terms of the contract only when the offeree has completed the required act.

A Unilateral Contract Is