In a Unilateral Contract,a Promise Is Exchanged for an Act

question 64

True/False

In a unilateral contract,a promise is exchanged for an act or forbearance to act.

---

Definitions:

High-Margin

Referring to products, services, or businesses that generate a significantly higher percentage of profit in relation to their sales or revenue, indicating efficiency in managing costs or the ability to charge premium prices.

Herbert Simon

An American economist, political scientist, and cognitive psychologist known for his research in the decision-making process within economic and organizational environments.

Rational Process

A systematic approach to problem-solving based on logical reasoning, critical analysis, and factual evidence.

Logical

Relating to or involving the process of reasoning and the use of the mind to analyze facts and make decisions based on evidence and sound principles.