Contracts
A unilateral contract involves:
AMutual promises between buyer and seller
BA promise by one party that is binding only when the other party performs an act✓ Correct
CA contract signed by only one party
DA verbal agreement for property services
Explanation
In a unilateral contract, one party makes a promise that becomes binding only when the other party performs a specific act (e.g., an open listing or option contract).
Related New Jersey Contracts Questions
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