If ambiguity is detected while determining the type of contract, it is presumed to be a bilateral contract.

Question

Quizplus · Accepted Answer

This statement is true. When there is uncertainty about the type of contract, it is generally assumed to be a bilateral contract, which means that both parties have made promises to each other. This is in contrast to a unilateral contract, where only one party makes a promise and the other party is not obligated to do anything in return.

If Ambiguity Is Detected While Determining the Type of Contract