Which of the Following Is True in a Unilateral Contract

question 25

Multiple Choice

Which of the following is true in a unilateral contract?

• A)The offeror requests an act as acceptance of his offer.
• B)The offeror cannot revoke the offer once the offeree has begun performance or has substantially completed performance.
• C)The offeror will treat either a promise to perform or the actual performance of the act as acceptance of his offer.
• D)A and B only.
• E)B and C only.

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Definitions:

Fracking

A process of injecting liquid at high pressure into subterranean rocks, boreholes, etc., to force open existing fissures and extract oil or gas.

Natural Gas

A fossil fuel used primarily for heating, cooking, and electricity generation, consisting mainly of methane and other hydrocarbons.

Equilibrium Price

The price at which the quantity of goods supplied matches the quantity of goods demanded in a market, leading to market stability.

Market Maker

A firm or individual who actively quotes both buy and sell prices for financial instruments, contributing to liquidity and efficiency in the markets.