Types of Contract

Question 1

bilateral contract definition

Answer 1

both parties agree to do smth, both have obligations. for example offering a TV for sale for £100 offered accepts and pays the £100.

Question 2

unilateral contract definition

Answer 2

agreement to pay in exchange for performance or specific action, there is no obligations. for example a pet is missing and a reward is offered on a poster there is no obligation for anyone reading the poster to search for and find the pet, but if they do they can access the offer