Which of the Following Is an Example of a 'Unilateral

question 51

Multiple Choice

Which of the following is an example of a 'unilateral contract'?

• A)Ash puts up signs offering a reward to whoever finds her lost dog.
• B)Ash offers to buy Johnny's car for $5000.
• C)Ash buys a book online.
• D)Ash hires a new employee.

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Definitions:

Dishonored Note

This term refers to a promissory note that has not been paid at maturity by the maker, resulting in default.

Interest for Days

Calculated as the interest rate on a loan or investment applied over a specified number of days.

Total Amount Charged

The total amount charged refers to the aggregate sum of all charges, fees, and expenses associated with a transaction or series of transactions.

Allowance for Doubtful Accounts

This is an accounting method that estimates the amount of receivables that may not be collected due to customer defaults.