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) Carrie 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.

Question

Quizplus · Accepted Answer

A unilateral contract is a promise in exchange for an act or performance. In this case, Carrie performs the act of returning a lost dog and claims the reward, making it an example of a unilateral contract. In options A and D, there is a promise made, but there is no indication that anyone has actually performed an act to fulfill the contract. Option B is an example of a completed transaction, and option E is a typical purchase with no promise or act involved.

Which of the Following Is an Example of a Unilateral