ContractsTypes_of_contractsMEDIUM
A broker promises to pay a reward only if someone actually produces information leading to the sale of a lost parcel. What type of contract is this?
Correct Answer
C) Unilateral contract
Unilateral contract is correct because the facts match a contract in which one party promises something in exchange for the other party's performance rather than a return promise. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Executed contractB
Executory contractC
Unilateral contractD
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Related Topics & Key Terms
Key Terms:
types_of_contractscontractsunilateralcontract_type
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