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unilateral contract

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unilateral contract

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Unilateral contract.

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When there is a unilateral mistake, in what three types of situations may a contract not be enforced?

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A unilateral promise in when just one of the parties to a contract agrees to do something. A bilateral promise is when both parties agree to perform under the contract.

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Simply put- A unilateral contract can be modified or changed by one party and a bi-lateral must be agred upon and accepted by both contractual parties involved.

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