TUTE THREE QUESTIONS Chapter 2 2. Is this a simple contract or a formal contract? Explain. 3. Is this a unilateral or a bilateral contract? Explain. Chapter 3 4. He did not have an offer at first on the Thursday because it was merely an invitation to treat and not a firm offer by the seller. This was not an offer also because the advertisement did not state the quantity of products available. A reasonable person would not assume that the advertiser intends to enter into a contract. On the Friday they did have a binding contract because she quoted how many they had left, the price and the quality of the product as well as giving her word that she would keep it for Ben until noon on the Friday.