Reggie went to the Napa Valley Harvest Festival,when he stopped at Tracy's booth where she was selling paintings of vineyards.Reggie admired a painting of vineyards,which did not appear to be for sale.Reggie said to Tracy,"I will give you $200 if you give me that painting right now." Tracy said nothing in response,but she gave Reggie the painting,and Reggie gave her $200 in cash.This is an example of a contract that is now:
A)bilateral and executed.
B)bilateral and executory.
C)unilateral and executed.
D)unilateral and executory.

Question

Quizplus · Accepted Answer

It is a unilateral contract because the promise was one-sided and executed because both parties have performed fully.

Reggie Went to the Napa Valley Harvest Festival,when He Stopped