In a Unilateral Contract,one of the Parties Makes a Promise

question 1

True/False

In a unilateral contract,one of the parties makes a promise and the other party performs an act in exchange for that promise.

---

Definitions:

Global Economy

An interconnected marketplace where goods, services, and labor are exchanged worldwide.

Telecommuting

The practice of working from a remote location, typically one's home, using telecommunications technology to perform one's job duties.

Information Revolution

A period characterized by rapid advancements in information and communication technology, leading to significant societal, economic, and cultural changes.

Bureaucracies

Complex structures of offices, tasks, rules, and principles of organization that are employed by large institutions to coordinate the work of their members.