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

Question

Quizplus · Accepted Answer

A unilateral contract is one in which the offeror's offer can only be accepted by the performance of an act by the offeree. This means that the offeree must do something in order to accept the offer, such as completing a task, making a delivery, or providing a service. In a unilateral contract, the offeror is bound to the contract once the offeree has completed the specified act.

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