The Basic Distinction Between a Bilateral Contract and a Unilateral

question 11

Multiple Choice

The basic distinction between a bilateral contract and a unilateral contract is that

• A)only one promise is involved in a bilateral contract.
• B)only one promise is involved in a unilateral contract.
• C)the Statute of Frauds applies to one and not the other.
• D)one is enforceable, the other is not.

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Definitions:

Laboratory

A controlled setting designed for scientific experimentation, research, or testing.

Case Study

An intensive analysis of an individual unit (such as a person or community) stressing developmental factors in relation to context.

Universal Laws

are principles or rules that are thought to be applicable everywhere and in every circumstance, often referring to laws of nature or science.

Value-neutral

An approach or stance that is not influenced by personal feelings, interpretations, or prejudice; based solely on facts.