BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Acceptance of a unilateral contract happens when the offeree performs their part of the contract. It’s not enough for the offeree to begin to perform-the offeree must complete the required performance.

Detailed explanation-2: -A unilateral contract can be accepted without the performance of an act by the offeree. An offer to create a unilateral contract cannot be accepted by a promise to perform. An offer to create a unilateral contract can be revoked by the offeror any time prior to the offeree’s performance of the requested act.

Detailed explanation-3: -What is a unilateral contract, anyway? A unilateral contract-unlike the more common bilateral contract-is a type of agreement where one party (sometimes called the offeror) makes an offer to a person, organization, or the general public.

Detailed explanation-4: -Unilateral gratuitous obligations (also known as unilateral voluntary obligations or gratuitous promises) are obligations undertaken voluntarily, when a person promises in definite terms to do something to benefit or favour another, and may therefore be under a legal obligation to keep their promise.