A contract is formed by the performance of the requested act in what kind(s)of contract?

Question

Quizplus · Accepted Answer

A unilateral contract is formed when one party promises to do something in exchange for the performance of an act by the other party. The contract is formed only when the act is performed. Therefore, the performance of the requested act is the only consideration needed to form the contract. In a bilateral contract, both parties make promises to each other, and the contract is formed at the time both parties exchange promises.

A Contract Is Formed by the Performance of the Requested