Jul 16, 2017 Research papers

Why does the law make such a distinction and why would a party to a contract choose one type over another?

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Differences Between the Bilateral Contract and the Unilateral Contract

INSTRUCTIONS:

Consider the differences between the bilateral contract and the unilateral contract. In the bilateral contract, we have the offeror willing to exchange a promise for another promise ("I promise to pay you $1500.00, if you promise to paint my house on or before Saturday."). In the unilateral contract, the offeror is insisting on performance for a promise. ("If you complete painting my house before Saturday, I will pay you $1500.00). 



Why does the law make such a distinction and why would a party to a contract choose one type over another? 

CONTENT:

Differences Between the Bilateral Contract and the Unilateral Contract Name: Instructor: Course: Date Differences Between the Bilateral Contract and the Unilateral Contract The bilateral and unilateral are the two common types of contract which involve entering into an agreement between individuals. A contract may be defined as an agreement that can be recognized and enforced in

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