Bob promises to sell to Candy an automobile for $20,000, for which Candy promises $20,000. A unilateral contract exists.

Name: Bob promises to sell to Candy an automobile for $20,000, for which Candy promises $20,000. A unilateral contract exists.
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This scenario describes a bilateral contract, not a unilateral contract, because both parties are making promises to each other. Bob promises to sell the automobile, and Candy promises to pay for it.

Bob Promises to Sell to Candy an Automobile for $20,000