To Accept an Offer for a Unilateral Contract, Where a Promise

question 30

True/False

To accept an offer for a unilateral contract, where a promise is exchanged for an act, the offeree need not necessarily perform the act requested by the offeror.

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Definitions:

Structural Unemployment

Unemployment that stems from changes in industrial structures, primarily driven by technological progress, rather than by shifts in supply or demand levels.

Frictional Unemployment

Frictional unemployment is a form of temporary unemployment that occurs when workers are transitioning between jobs, often due to personal choices or changing economic conditions.

Unemployment Insurance

Financial support provided by the state to those who are out of work not because of their own doing.

Laid Off

The temporary or permanent dismissal of employees from their job due to economic downturns or company restructuring.