In a Unilateral Contract, the Doing of a Requested Act

question 42

Multiple Choice

In a unilateral contract, the doing of a requested act is also the:

• A) acceptance of the offer of the promisor.
• B) detrimental reliance of the promisee.
• C) detrimental reliance of the promisor.
• D) none of the above.

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Definitions:

Tax Burden

The total amount of taxes paid by individuals or businesses, relative to their income or profit.

Rental Housing

Dwelling units leased or rented to tenants under a contract or agreement, providing a place to live in exchange for payment.

Price Ceiling

A legal maximum price at which a good can be sold, often set by government to control prices.

Housing Shortage

A situation where the supply of available houses is not sufficient to meet the demand for them in a particular area.