Question: 5 . A unilateral contract involves: a . A promise in exchange for a promise b . A promise in exchange for an act c

5. A unilateral contract involves:
a. A promise in exchange for a promise
b. A promise in exchange for an act
c. Two promises that must be performed simultaneously
d. A gift with no consideration

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

A unilateral contract involves: a.) a promise for a promise b.) a promise for an act c.) a promise for a benefit d.) a promise for an acceptance Promissory estoppel contains all of the following...

Q:

1. A lawsuit may be based on: a.) a contract b.) a tort c.) defamation d.) all of these 2. The most important factor in a contract relationship is: a.) the intent of the parties b.) consideration...

Q:

A lawsuit may be based on: a.) a contract b.) a tort c.) defamation d.) all of these The most important factor in a contract relationship is: a.) the intent of the parties b.) consideration between...

Q:

A lawsuit may be based on: a.) a contract b.) a tort c.) defamation d.) all of these The most important factor in a contract relationship is: a.) the intent of the parties b.) consideration between...

Q:

1. A lawsuit may be based on: a.) a contract b.) a tort c.) defamation d.) all of these 2. The most important factor in a contract relationship is: a.) the intent of the parties b.) consideration...

Q:

BUSINESS LAW I SUMMER III2019 PROFESSOR J. ZAVAGLIA BUSINESS LAWI MID-TERMEXAM 1.AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: (A)WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS (B)A TRUE FORMOF A...

Q:

BUSINESS LAW I SUMMER III2019 PROFESSOR J. ZAVAGLIA BUSINESS LAWI MID-TERMEXAM 1.AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: (A)WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS (B)A TRUE FORMOF A...

Q:

BUSINESS LAW FINAL REIVEW QUESTION ONLY ANS NEED ...BUT Right Answer please ....... NO EXPLANIATION thanks QUESTION 1 1. Which of the following is not a required element of a contract? a. Legal...

Q:

Step - by - Step Analysis: Contract and Lost Dog Scenario The person who finds a missing dog is the subject of this scenario. Let's examine the legal ramifications in detail, step - by - step: 1 ....

Q:

State whether each of the following statements is TRUE or FALSE. 1. All contracts involve promises, and every promise is a legal contract. 2. An agreement includes an offer and an acceptance. 3....

Q:

The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company reported a net loss of $241,065,000 and declared and paid dividends of...

Q:

The Golden Boy Minnesota businessman Tom Petters appeared to be at the top of his game. He was the founder, CEO and sole owner of Petters Group Worldwide. He boasted billions in revenue and ownership...

Q:

What happens to existing shareholders when more warrants are issued? Their ownership percentage increases. Their ownership percentage decreases due to dilution. The value of their shares remains...

Q:

Flynn Incorporated acquires 100 percent of the outstanding voting shares of Macek Company on January 1, 2024. To obtain these shares, Flynn pays $400 cash (in thousands) and issues 10,000 shares of...