Contracts
A unilateral contract is one in which:
ABoth parties are bound to perform
BOnly one party makes a promise, which the other party may accept by performing an act✓ Correct
CThe contract is automatically void after 30 days
DNo consideration is exchanged
Explanation
In a unilateral contract, one party makes a promise contingent on the other party's performance of an act. An open listing is an example — the seller promises a commission if an agent produces a buyer, but no agent is obligated to produce one.
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