True, In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something.
In a unilateral agreement, there's an express offer that a charge is made only through a celebration's performance. some other example of a unilateral contract is praise or competition. In a unilateral agreement, the offeror might also revoke the offer earlier than the offeree's overall performance starts offevolved. normally the revocation wishes to be specific.
When a person posts a reward for their lost puppy, wallet, cellphone, and so forth. By way of providing the praise, the offeror units up a unilateral contract that stipulates that the praise can be issued once the lost pet or item is discovered.
Conventional settlement law classifies contracts into bilateral and unilateral contracts. Bilateral contracts are those concerning promises made by using all events, while unilateral contracts contain guarantees made through the most effective one of the events.
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