Asked by Shakia Balmer on Jun 16, 2024
Verified
When does acceptance of an offer to enter into a unilateral contract generally occur?
A) Upon notice of intent to accept by the offeree.
B) Upon full performance by the offeror.
C) Upon commencement of performance by the offeree.
D) Upon full performance by the offeree.
Unilateral Contract
An agreement in which only one party makes a promise to perform in exchange for an act by the other party.
Acceptance
The act of receiving or agreeing to something, such as a proposal or offer, thus constituting a contract.
Performance
The execution, accomplishment, or fulfillment of a promise, contract, or other obligation.
- Ascertain the modes of acceptance applicable in assorted contractual circumstances.
Verified Answer
WB
Wyatt BoswellJun 17, 2024
Final Answer :
D
Explanation :
In a unilateral contract, acceptance occurs when the offeree completes the requested act or performance.
Learning Objectives
- Ascertain the modes of acceptance applicable in assorted contractual circumstances.