Asked by Ferhat Butun on Jun 03, 2024
Verified
On Monday, Xi tells Yard Work Inc., that he will pay $500 if a variety of tasks are completed by Friday. On Wednesday, when Yard Work is more than half done with the work, Xi says that he has changed his mind. These parties had
A) an expired contract when Xi said that he had changed his mind.
B) a quasi contract when Xi said that he would pay for certain work.
C) a unilateral contract as soon as Yard Work began to perform.
D) no contract.
Unilateral Contract
An agreement wherein one party makes a promise to perform in exchange for the act of the other party, who is not legally obligated to act but if they do, the first party is obligated to fulfill the promise.
- Familiarize yourself with the critical factors required for the establishment of a valid contract, including offer, acceptance, and consideration.
Verified Answer
BG
Breeann GarverJun 05, 2024
Final Answer :
C
Explanation :
This situation describes a unilateral contract, which is formed when one party (Xi) promises to pay upon the completion of a specific task by another party (Yard Work Inc.). The contract becomes enforceable when Yard Work begins the performance of the task.
Learning Objectives
- Familiarize yourself with the critical factors required for the establishment of a valid contract, including offer, acceptance, and consideration.