Bul 4421exam - Study guides, Class notes & Summaries

The term "consideration" in relation to contracts involves parties acting in an ethical manner. - ANSWERSfalse The Restatement (Second) of the Law of Contracts is not actually the law itself. - ANSWERStrue Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. - ANSWERStrue Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a reasonable time to allow the o...

bul 4421Exam 2024 Questions anThe term "consideration" in relation to contracts involves parties acting in an ethical manner. - ANSWERSfalse The Restatement (Second) of the Law of Contracts is not actually the law itself. - ANSWERStrue Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. - ANSWERStrue Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a ...

The term "consideration" in relation to contracts involves parties acting in an ethical manner. - ANSWERSfalse The Restatement (Second) of the Law of Contracts is not actually the law itself. - ANSWERStrue Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. - ANSWERStrue Today, courts hold that once an offeree begins performance on a unilateral contract, the offeror must hold the offer open for a reasonable time to allow the o...