A bilateral contract is distinguished from a unilateral contract in that a bilateral contract involves:
Giải thích
A bilateral contract is formed by an exchange of promises: both sides are bound the moment the promises are exchanged, and each promise is the consideration for the other. Almost every construction contract is bilateral — the contractor promises to build, the owner promises to pay. (d) is the unilateral contract, where the offer asks for a completed act rather than a promise, so nothing binds the offeree until he performs and the act is both acceptance and performance (Civil Code §1584). (c) describes that same unilateral arrangement from the offeror's side, which is why it reads plausibly. (a) removes the element Civil Code §1550 makes essential; a promise without consideration is not a kind of contract but a failed one.
Trích dẫn luật: Civil Code §1550, §1584Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
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:
Cập nhật gần nhất: · quy trình kiểm tra