Unilateral contract
From Conservapedia - Reading time: 1 min
A unilateral contract is an agreement by which one undertakes an express performance without receiving any express promise of performance from the other.
A classic example is a promise by the owner of a house to pay $1000 to a painter, who receives payment only once he has given "performance" by painting the house.
This is in contrast with a bilateral contract.
Licensed under CC BY-SA 3.0 | Source: https://www.conservapedia.com/Unilateral_contract10 views | Status: cached on January 31 2024 12:45:42↧ Download this article as ZWI file
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