Asked by
Sukhraj Hayer
on Nov 01, 2024Verified
Henrietta offers a $500 reward for the return of Fifi,her lost dog.Silas finds and returns the dog.This is an example of a(n) :
A) bilateral contract.
B) unilateral contract.
C) quasi-contract.
D) unenforceable contract.
Unilateral Contract
A contract where one party makes a promise in exchange for an act by another party.
Bilateral Contract
An agreement involving two parties where each side has made a promise to the other.
Quasi-Contract
An obligation imposed by law in the absence of a formal contract to prevent unjust enrichment.
- Discriminate between different kinds of contracts, namely bilateral, unilateral, express, implied-in-fact, and quasi-contracts.
Verified Answer
CK
Learning Objectives
- Discriminate between different kinds of contracts, namely bilateral, unilateral, express, implied-in-fact, and quasi-contracts.