0
A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party. In a unilateral, or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree. If the offeree acts on the offeror's promise, the offeror is legally obligated to fulfill the contract, but an offeree cannot be forced to act (or not act), because no return promise has been made to the offeror. After an offeree has performed, only one enforceable promise exists, that of the offeror. A unilateral contract differs from a Bilateral Contract, in which the parties exchange mutual promises. Bilateral contracts are commonly used in business transactions; a sale of goods is a type of bilateral contract. Reward offers are usually unilateral contracts. The offeror (the party offering the reward) cannot impel anyone to fulfill the reward offer. An offeree can sue for breach of contract, however, if the offeror does not provide the reward after the offeree has fulfilled the contract's requirements
What else can I help you with?
Define the word stipulate?
(v.) - to specify as a condition of an arrangement; require by contract
Define between essentialia naturalia and incidentalia?
essentialia are term of a contract that identify the contract as one of the specific contract.naturalia are terms that are implied into a specific contract by law and incidentalia are the other term of the contract that parties have to agree to
What 6 things do protocol define?
Define processes on either end of communication. Define the types of messages. Define the syntax of messages. Define the meaning of any informational fields. Define how the messages are sent and the expected response. Define interaction with the next lower layer.
Define define without using the word define?
It explains the meaning of something. To define: To describe or outline the functional characteristics of a word or object.
How can you use define in a sentence?
They were unable to define the word properly. He used chalk to define the edges of the figure.
Termination of contract?
How can u define "Termination of Contract"?
Define the term capacity to contract?
the legal power to give consent
Define the word stipulate?
(v.) - to specify as a condition of an arrangement; require by contract
Define work by force account contract?
Force Account work is work performed under contract that is billed as time and material
What are the objectives of contract?
The objectives of EPC contract is to define the goals and expectation of a project. This is the same as with any other form of business contract. EPC refers to Engineering Procurement Construction.
Define remoteness of damage in contract?
Remoteness in contracts refers to when breach of contract results in the loss of an anticipated gain arising from a separate transaction.
Define the term ordinary damages?
Such damages as naturally and generally would result from a breach of contract.
what are some characteristics of specialty contract?
Hi, you can find answer from following link, just copy and paste it in your browser: lsd.law/define/specialty-contract Thanks for reading.
Define offer and acceptance?
Offer and acceptance are required to create a legally binding contract. The offer is contracted and then by signing the contract the other person indicates their acceptance of the terms.
Define between essentialia naturalia and incidentalia?
essentialia are term of a contract that identify the contract as one of the specific contract.naturalia are terms that are implied into a specific contract by law and incidentalia are the other term of the contract that parties have to agree to
How does the M and C Contract Define Premises?
The M and C Contract defines "Premises" as the location where the services will be performed or the goods delivered as specified in the agreement. The specifics of what constitutes the Premises should be detailed in the contract to avoid any confusion or disputes.
Can a seller back out of a sale of a home and sell it to someone else if a binder has already been signed?
Define a "binder." If the 'binder' is a contract to purchase, then the seller has breached the contract, and can be sued for damages for non-performance.
