Asked by Jameka Hicks on Apr 26, 2024
Verified
Demi buys a lottery ticket. The ticket has the winning numbers for a prize. She submits the ticket to claim the prize. Demi accepted an offer for
A) a bilateral contract.
B) a unilateral contract.
C) a quasi contract.
D) an unenforceable contract.
Unilateral Contract
A contract that results when an offer can be accepted only by the offeree’s performance.
Lottery Ticket
A ticket purchased for the chance to win prizes in a lottery, typically involving the selection of numbers for a potential cash or goods award.
- Develop an understanding of the essential factors required for the creation of a valid contract, including offer, acceptance, and consideration.
Verified Answer
LS
Larissa SpitzigMay 02, 2024
Final Answer :
B
Explanation :
Demi's action of submitting the lottery ticket to claim the prize is an acceptance of a unilateral contract. In a unilateral contract, one party makes a promise in exchange for the performance of a specified act by the other party. Here, the lottery organizers promise a prize for whoever holds the winning ticket, and Demi's act of submitting the ticket is her performance of the specified act.
Learning Objectives
- Develop an understanding of the essential factors required for the creation of a valid contract, including offer, acceptance, and consideration.