Which of the following best describes a one-sided contract?
Asked by: scraper | Last update: July 27, 2026Score: 0/5 (0 votes)
A one-sided contract is best described as a unilateral contract, where only one party makes an enforceable promise.
What is a one-sided contract called?
A one-sided contract is legally known as a unilateral contract. In this agreement, only one party makes a binding promise. The other party does not make a promise in return, but can accept the offer by voluntarily performing a specific action.
Which of the following best describes a unilateral contract?
A unilateral contract is a binding agreement where only one party makes a promise that requires performance to accept. The person making the offer (offeror) commits to do something if the other party (offeree) completes a specific action.
What is an example of a one-sided contract?
A unilateral contract is a legally binding agreement where one party makes a promise in exchange for another party's specific action. The contract is only formed—and becomes enforceable—when the second party completes the requested act.
What is a unilateral contract Quizlet?
A unilateral contract is an agreement in which only one party makes an enforceable promise. The offeror promises to do or pay something only if the offeree completes a specific, requested act or performance. The offeree is not obligated to act, but if they do, the contract is formed and the offeror must fulfill their promise.
Kohlberg’s 6 Stages of Moral Development
What is the meaning of a unilateral contract?
A unilateral contract is a one-sided legal agreement where one party (the offeror) promises to pay or provide a reward in exchange for another party (the offeree) performing a specific act. The offeree is never obligated to act, but if they do, the offeror must fulfill their promise.
Which of the following is an example of a unilateral contract Quizlet?
A unilateral contract is a one-way type of contract in which one party undertakes to pay the other party for a specific activity. A unilateral contract, unlike a bilateral one, does not require commitment from both parties, but only from one party. An example of a unilateral contract is a reward contract.
What is the best example of a unilateral contract?
A common example of a unilateral contract is a reward offer, such as a flyer offering money for the return of a lost dog.
What is a two sided contract for difference?
Two-way contracts for difference (CfDs) is an agreement wherein the buyer, usually a public counterparty, pays the agreed-upon 'strike' price to the seller, often a renewable or low-carbon plant operator, for the contracted volume. In return, the seller pays the reference index to the buyer.
What is a unilateral contract in the contract act?
A unilateral contract is formed when one party promises something in exchange for a specific act by another. It becomes legally binding only when the requested action is completed. Common examples include reward offers and public service incentives.
What does it mean when an insurance contract is unilateral in nature quizlet?
In an insurance context, a unilateral contract means that only one party (the insurance company) makes a legally enforceable promise. The insurer promises to pay for covered losses if a specific event occurs.
What is an unilateral contract in insurance terms?
In the insurance world, a unilateral contract is a legal agreement where only the insurer makes a promise that must be followed. The insurer says it will meet the obligations in the policy when a specific event occurs that the policyholder needs coverage for, including paying a certain amount of money.
What is a unilateral contact?
In contact mechanics, the term unilateral contact, also called unilateral constraint, denotes a mechanical constraint which prevents penetration between two rigid/flexible bodies.
What is another word for a one sided contract?
What is this? The top 10 positive & impactful synonyms for “unilateral agreement” are decisive accord, sole-source pact, solo commitment, autonomous covenant, one-party compact, single-handed promise, executive resolution, independent mandate, direct authorization, and priority declaration.
What are the four types of contracts?
Contracts are legally binding agreements enforced by law. The four most common foundational types of contracts are:
What is a unilateral contract best described as?
A unilateral contract is a type of contract where one party makes a promise or offer that the other party can accept only by performing a specific action. In simpler terms, it's like a one-sided promise.
What is a contract that is one-sided?
In a unilateral, or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act (or abstention from acting) by another party, known as the offeree.
Which of the following best describes a contract for difference?
A contract for differences (CFD) is a financial agreement where investors exchange the difference in asset values between the contract opening and closing with brokers. CFD investors speculate on price movements without owning the underlying asset, allowing for potential profits from both rising and falling markets.
What's the difference between a one-way and two-way contract?
A two-way contract is a professional sports contract that stipulates that an athlete's salary is dependent upon the league in which the athlete is assigned to play. This is opposed to a one-way contract that would pay the same salary regardless of where the athlete is assigned to play.
What is an unilateral contract?
A unilateral contract is a one-sided legal agreement where one party makes a promise in exchange for another party performing a specific act. In this type of contract, only the person making the promise is legally bound to act, and the agreement is only accepted when the other party fully completes the required performance.
Which of the following best describes a unilateral contract as described in the course?
Understand the concept of a unilateral contract: A unilateral contract is a type of agreement where only one party makes a promise, and the other party is not obligated to act.
Is unilateral the same as bilateral?
No, they mean opposites. Unilateral means one-sided (involving only one side, person, or limb), while bilateral means two-sided (affecting or involving both sides or parties).
Which one of the following contracts is an example of a unilateral contract?
A common example of a unilateral contract is a reward offer, such as a flyer offering money for the return of a lost dog.
Which of the following best describes a contract?
A contract is best described as a legally binding agreement between two or more parties that creates mutual obligations enforceable by law.
Which of the following are examples of unilateral transfers?
However, with a unilateral transfer, money flows out, but nothing comes back in exchange or vice versa. The primary examples of unilateral transfers are remittances and foreign aid.