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An offer to form a unilateral contract is accepted by a promise to perform?
Yes
Which type of contract makes a promise in exchange for a particular act?
Unilateral
Where a promise can only be accepted by the performance of the person to whom it is offered is an example of?
unilateral contract
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
What is a definition of a unilateral contract?
A unilateral contract is an agreement in which only one party makes a promise or takes an action in exchange for a performance by another party. In this type of contract, the offeror's promise is contingent upon the performance of the act by the offeree, who is not required to make any promise in return. A common example is a reward contract, where one party promises to pay upon the completion of a specific task, such as finding a lost pet. The contract becomes binding when the offeree completes the requested action.
If Only one party to an insurance contract has made a legally enforceable promise what kind of contract is it?
If only one party to an insurance contract has made a legally enforceable promise, it is considered a unilateral contract. In a unilateral contract, one party (usually the insurer) makes a promise in exchange for an act or performance by the other party (the insured), but the insured is not obligated to perform. The contract becomes binding only when the insured fulfills the required action, such as paying a premium or filing a claim.
What happens in a contract when only one party makes a promise to do or not to do something?
In a contract where only one party makes a promise to do or not do something, it is considered a unilateral contract. This means that one party is legally obligated to fulfill their promise, while the other party is not required to do anything unless they choose to accept the offer.
What is unilateral training?
thats a training of unilateral
Define unilateral contract?
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
Is a listing contract unilateral or bilateral?
unilateral contract
What is a unilateral salpingectomy?
Removal of one tube (unilateral salpingectomy
Which are preferred from both unilateral and bilateral tolerance system?
unilateral
