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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3396 |
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The offer can be made to specific person, a specific group of people, or in the case of a unilateral contract, to the whole world.
Contracts exist in either a bilateral or unilateral form, with the bilateral being the more common of the two. A bilateral contract is where both parties, upon agreement, made a promise, or promises, to each other...
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In this way, different parties in a bilateral contract would know the identities of the other. It is also sometimes called a synallagmatic contract, because the word ?bilateral' would mislead people that it can only happen between 2 parties. A unilateral contract is one where the offer is accepted by the offeree, once he or she had accomplished his or her side of the bargain, as illustrated in Carlill v...
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