Which of the following is true about a unilateral contract?
A)It is a contract in which both parties make a promise.
B)It is a contract wherein the terms of the contract are incomplete.
C)It is one in which the accepting party may only accept through an action.
D)It is a promise for a promise.
E)It is one in which there are duties on both sides.

Question

Quizplus · Accepted Answer

In a unilateral contract, the accepting party may only accept through an action, such as completing a task or performance. There is no promise for a promise or duties on both sides. Option A refers to a bilateral contract. Option B refers to a contract with incomplete terms, which is not necessarily unilateral. Option E also refers to a bilateral contract where there are duties on both sides.

Which of the Following Is True About a Unilateral Contract