A Unilateral Contract May Consist of a Promise Exchanged for an Act

question 78

True/False

A unilateral contract may consist of a promise exchanged for an act or forbearance.

---

Definitions:

E-commerce

The buying and selling of goods and services through electronic platforms, such as the internet, enabling transactions over digital networks.

Return

The profit or loss generated on an investment over a specified period.

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Specified Period

A set time frame or duration identified for a particular purpose, event, or agreement.