In a unilateral contract,only one of the parties makes a promise.The other party performs an act in exchange for that promise.

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This statement describes the basic concept of a unilateral contract, where one party (offeror) makes a promise to pay or provide something in exchange for the other party's (offeree) performance of an act. The offeree is not required to make a promise or even accept the offer in a unilateral contract, unlike a bilateral contract where both parties exchange promises.

In a Unilateral Contract,only One of the Parties Makes a Promise.The