Contracts
A unilateral contract is one in which:
ABoth parties make promises
BOnly one party makes a promise, which is fulfilled by the other party's performance✓ Correct
CThe contract is signed only by the buyer
DThe contract can be cancelled by one party at any time
Explanation
A unilateral contract involves only one party making a promise, which becomes binding when the other party performs. An option contract and an open listing are examples of unilateral contracts.
Related Arkansas Contracts Questions
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