Asked by
Shanice Calhoun
on Nov 10, 2024
Verified
Which of the following is an example of a unilateral contract?
A) Joe agrees to paint Sam's house for $500.
B) Joe pays $50 for groceries at a grocery store.
C) C returns a lost dog and claims the $50 reward.
D) Joe promises to give Harry his old boat when he gets his new one.
E) Sam orders a meal in a restaurant.
Unilateral Contract
A contract formed when one party performs what has been requested by the other party; there is a promise followed by an act, but not an exchange of promises.
Lost Dog
A canine that has gone missing from its owner's home or care.
Groceries
Items of food and other household necessities purchased for consumption and use within the home.
- Differentiate the varieties of assurances and agreements pertinent to contracting responsibility.
- Clarify the distinctions among valid offers, enticements to negotiate, and both one-sided and two-sided contracts.
Verified Answer
SA
Learning Objectives
- Differentiate the varieties of assurances and agreements pertinent to contracting responsibility.
- Clarify the distinctions among valid offers, enticements to negotiate, and both one-sided and two-sided contracts.