Hợp đồng & Thực hiệnCâu 855 / 1605
A bilateral contract is distinguished from a unilateral contract in that a bilateral contract involves:
a.No consideration at all
b.A promise exchanged for a return promise, so both parties are obligated
c.Only one party ever being bound
d.A promise exchanged for a completed act only
Giải thích
A bilateral contract is formed by exchanging a promise for a promise, so both parties are bound to perform, which describes most construction contracts (the contractor promises to build, the owner promises to pay). A unilateral contract, by contrast, is a promise exchanged for a completed act, where acceptance occurs by performance. Both types require consideration; the difference lies in whether acceptance is a return promise or a completed act.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A 'condition precedent' in a contract is:
- A 'pay-if-paid' clause in a subcontract attempts to make the general contractor's receipt of payment from the owner a:
- The 'implied covenant of good faith and fair dealing' that accompanies most contracts requires that:
- A homeowner tells a contractor, 'I'll pay you $1,000 if and when you finish removing the fallen tree,' and the contractor completes the removal. This is an example of acceptance of:
- A contract term is 'ambiguous' when:
- Under the rule of 'contra proferentem,' an ambiguous contract term is generally construed:
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Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)