Contracts
In South Carolina, which of the following is a 'unilateral contract'?
AA purchase and sale agreement
BAn option contract✓ Correct
CA listing agreement
DA lease agreement
Explanation
An option contract is a unilateral contract—only the seller (optionor) is bound to perform if the buyer (optionee) exercises the option. The buyer has the right but not the obligation to purchase.
Related South Carolina Contracts Questions
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