ContractsCâu 52 / 120
A contract in which only one party makes a promise, such as an option to purchase, is a:
a.Bilateral contract
b.Voidable contract
c.Executed contract
d.Unilateral contract
Giải thích
In a unilateral contract, one party makes a promise in exchange for the other party's performance, rather than a mutual exchange of promises. An option is a common example: the seller promises to keep the offer open, but the buyer is not obligated to buy. A bilateral contract, by contrast, involves promises by both parties.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- For a real estate contract to be enforceable, the Statute of Frauds generally requires that it be:
- The essential elements of a valid contract generally include offer and acceptance, consideration, legal purpose, and:
- When a seller responds to a buyer's offer by changing the price, this response is legally a:
- An 'executory' contract is one in which:
- A contingency in a purchase contract, such as a financing or inspection contingency, functions to:
- The remedy of 'specific performance' in a real estate contract dispute means:
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