A unilateral contract is one where…
A) Only the offeror is legally bound to do an act
B) Each party promises to do one thing
C) Only the offeree is legally bound to do an act
D) Neither party can sue the other

Question

Quizplus · Accepted Answer

In a unilateral contract, only the offeror is legally bound to perform an act. The offeror promises to do something in exchange for the offeree's performance of a particular act or stipulated conduct. The offeree is not legally obligated to perform any act, and the contract cannot be formed until the offeree performs the required act.

A Unilateral Contract Is One Where…