BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A unilateral acceptance occurs when an offeree indicates acceptance by giving a promise. An offer made to one person can be accepted by another. Advertisements that ask the offeree to perform an act as a way of accepting cannot be considered offers.

Detailed explanation-2: -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-3: -In a unilateral contract, one party makes a promise that the other party can accept only by actually doing something. When promissory estoppel is used by the courts, it is because there is NOT an enforceable contract present.

Detailed explanation-4: -They can either be written or oral, but an oral contract is more difficult to enforce and should not be used if it can be avoided. In order for a contract to be valid and enforceable, it is required to contain certain elements, including: An offer; Acceptance of the offer; and.

Detailed explanation-5: -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.