UNILATERAL CONTRACT

The contract is an agreement between two or more parties, where one party makes an offer and the other party accepts the offer. Unilateral is a type of a contract that is created by the offer and can only be accepted through performance. In a unilateral contract, the party to the contract is not obligated to act when the contract is sought. The unilateral contract is performed by the express performance. The offeror is legally obligated to fulfill the contract if the offeree acts on the prom…