Explore BrainMass

Explore BrainMass

    Discuss the differences in a unilateral contract and a bilateral contract with examples

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Give an example of a unilateral contract, and a bilateral contract, and discuss how these two types of contracts differ.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:28 pm ad1c9bdddf
    https://brainmass.com/business/business-law/unilateral-bilateral-contracts-example-questions-183267

    Solution Preview

    Give an example of a unilateral contract, and a bilateral contract, and discuss how these two types of contracts differ. (300+ words)

    UNILATERAL

    For starters, Galludet.edu (n.d.) references that a "unilateral Contract is a contract in which only one party makes a promise. Acceptable alternative ways of describing a unilateral contract are:

    * A contract in which there is a promise ...

    Solution Summary

    The cited solution presents the differences in the two types of contracts and then summarizes the differences in a clear, single sentence.

    $2.19

    ADVERTISEMENT