A unilateral contract is ________.
A) a promise for an act
B) a promise for a promise
C) an act for an act
D) an exchange of money

Question

Quizplus · Accepted Answer

A unilateral contract is a promise for an act. This means that one party promises to perform a specific act, and the other party is not obligated to do anything in return unless and until the act is performed. Once the act is performed, the contract becomes binding and the other party may be required to fulfill their end of the agreement. Examples of unilateral contracts include insurance contracts and reward offers.

A Unilateral Contract Is ________