What is a unilateral contract?
A unilateral contract is a promise exchanged for an act, like a reward offer.
Why it matters
It binds the promisor only once the requested act is completed.
Common confusion
Unilateral = promise for act; bilateral = promise for promise.
Frequently Asked Questions
When is a unilateral contract formed?
When the offeree performs the requested act.
Can the offeror revoke?
Usually until performance begins or completes, per the rules.
Is a reward a unilateral contract?
Yes — pay on completion of the requested act.