Question: Which of the following represents the basic distinction between a bilateral contractand a unilateral contract a. The rights under a bilateral contract are assignable, whereas

Which of the following represents the basic distinction between a bilateral contractand a unilateral contract

a. The rights under a bilateral contract are assignable, whereas rights under aunilateral contract are not assignable.

b. Only one promise is involved ifthe contract is unilateral but two promises if the contract is bilateral.

c.

Specific performance is available if the contract is unilateral whereas it is not if the contract is bilateral.

d. The Statue of Frauds applies to a bilateral contract but not to a unilateral contract.

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 Law Questions!

Q:

An apartment complex generating $70,000 annually is net income is purchase based upon a 5% cap rate. w\What would the owner's equity gain be if the net income increases to $100,00 per year? 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:

Question 45 Which of the following represents the basic distinction between a bilateral contract and a unilateral contract a. Specific performance is available if the contract is unilateral whereas...

Q:

16. Which of the following represents the basic distinction between a bilateral contract and a unilateral contract a. The rights under a bilateral contract are assignable, whereas rights under a...

Q:

Which of the following represents the basic distinction between a bilateral contract and a unilateral contract? Specific performance is available if the contract is unilateral but not if it is...

Q:

Which of the following represents the basic distinction between a bilateral contract and a unilateral contract? a . Only one promise is involved if the contract is unilateral, but two are involved if...

Q:

Which of the following represents the basic distinction between a bilateral contract and a unilateral contract? A . Specific performance is available if the contract is unilateral but not if it is...

Q:

The legal principle of stare decisis causes judges to: abide by, or adhere to, decided cases. stare blankly when delivering verdicts. rely on his or her own judgment and experience. prepare a...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

1. What are the ways marketers might use colo r, sound and scent to stimulate your purchasin g? 2. Provide examples when marketers may wan t to ensure that consumers notice a change a nd examples...

Q:

For the given circuit, calculate Vout: (35 points) V=2 I YO R M 2R WK- Yout

Q:

1 2 0 1 point The International Finance Corporation was established to promote economic development: through the private sector by providing loans to corporations and investing in their stock. by...

Q:

When is the best time to talk with a seller about how seriously the brokerage takes fair housing laws? After signing the listing agreement Before working with a client After the seller says...

Q:

1. To gain insight into why we believe more in one type of information than another.

Q:

2. In this chapter, the reader should reflect on the following concepts: emo-tional information, concrete information, local information, the reference object, consensus information, conflict...

Q:

11. Give two examples of each of the following heuristic assessment mechanisms. a) We use the information that is currently accessible. b) We assume an initial anchor point (value). c) We compare to...