In a Unilateral Contract

question 6

Multiple Choice

In a unilateral contract:

• A) the offeror wants the performance of an act as acceptance of his or her offer.
• B) the offeror cannot revoke the offer once the offeree has begun performance or has substantially completed performance of the act.
• C) the offeror will treat either a promise to perform or the actual performance of the act as acceptance of his or her offer.
• D) the offeror wants the performance of an act as acceptance of his or her offer, and the offeror cannot revoke the offer once the offeree has begun performance or has substantially completed performance of the act.
• E) the offeror cannot revoke the offer once the offeree has begun performance or has substantially completed performance of the act, and the offeror will treat either a promise to perform or the actual performance of the act as acceptance of his or her offer.

---

Definitions:

Fine

Fine refers to a monetary penalty imposed as punishment for an offense or violation, often used by governments or regulatory bodies to enforce laws and regulations.

Industry Demand

The total demand for products or services within a particular industry or sector.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a state of market balance.

Number of Firms

It refers to the total count of enterprises operating within a certain market or industry.