Vocabulary Flashcards
1
Q
Describe a unilateral contract
A
A contract resulting from an OFFER that expressly requires complete performance as the only possible method of acceptance.
2
Q
Bi or unilater k? NBC offers A $25k to sing her signature song on SNL. A agrees to sing. What if A does not sing, but instead lip syncs the song?
A
Bilateral. Contains an offer and acceptance. A agreed verbally.
3
Q
What type of remedy is a quasi contract?
A
Equitable
4
Q
What is generally true about a bilateral contract with respect to the method of acceptance?
A
Usually silent.
