Contests and lotteries are unilateral contracts.

Name: Contests and lotteries are unilateral contracts.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

In a unilateral contract, one party pays the other for performing a certain action. Contests and lotteries fit this definition because they involve participants performing an action (like buying a ticket or entering the contest) in the hope of receiving a reward, but the organizer is not obligated to pay anyone until the action is completed as specified.

Contests and Lotteries Are Unilateral Contracts