Contracts
A unilateral contract in Indiana real estate is one where:
ABoth parties are bound by mutual promises
BOnly one party is obligated to perform — the other party may act but is not required to✓ Correct
COnly one real estate broker is involved
DOnly the buyer makes a promise
Explanation
A unilateral contract involves only one party's promise. An open listing is unilateral: the seller promises to pay a commission if a broker produces a buyer, but no broker is obligated to find a buyer.
Related Indiana Contracts Questions
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