Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would pay him $1,000. This offer creates a(n)________ contract.

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A unilateral contract is formed when one party (Yvonne) makes a promise in exchange for the other party's (carpenter's) performance. In this case, Yvonne promises to pay $1,000 if the carpenter finishes the job by Saturday. The carpenter is not obligated to complete the work, but if he does, he will be entitled to the payment.

Yvonne Finds a Carpenter to Do Some Repairs for Her