Examlex

Solved

Identify the False Statement. ​

question 53

Multiple Choice

Identify the false statement. ​


Definitions:

Unilateral Promise

A pledge or commitment by one party to perform an act without requiring a reciprocal promise from another party.

Consideration

Something of value that is exchanged between parties in a contract, which is necessary for the agreement to be legally binding.

Performance

The action or process of carrying out or accomplishing an action, task, or function.

Oral Contract

An agreement made through spoken words rather than written, which can be legally binding under certain conditions.

Related Questions