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Unformatted text preview: After a reasonable period of time 262. In a bilateral contract, if one party is not bound, neither party is bound.
d. In a situation in which there is a unilateral mistake the contract is
d. In a unilateral contract, the consideration of the promise is:
the surrender of a claim against the promisor.
the returning of the promisor’s property.
a promise to do the act called for by the promisor.
the doing of the act called for by the promisor. 265. In addition to the four basic requirements of a contract, which of the following must also occur
in order to have a valid contract?
The agreement must always be in writing.
There must be evidence of undue influence. c.
d. There must be an absence of invalidating conduct and duress.
A legal remedy must be available for there to be a breach. 266. In an offer for a unilateral contract, once an offeree has made substantial progress toward
rendering the requested performance, m...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery