Search results
Results from the WOW.Com Content Network
The option contract provides an important role in unilateral contracts. In unilateral contracts, the promisor seeks acceptance by performance from the promisee. In this scenario, the classical contract view was that a contract was not formed until the performance that the promisor seeks was completely performed. This was because the ...
In a unilateral contract, acceptance may not have to be communicated and can be accepted through conduct by performing the act. [11] Nonetheless, the person performing the act must do it in reliance on the offer. [12] A unilateral contract differs from a bilateral contract, where there is an exchange of promises between two parties. For example ...
An example of a nudum pactum would be an offer to sell something without a corresponding offer of value in exchange. While the offer may bind a person morally, since the offer has not been created with any consideration, it is gratuitous and treated as a unilateral contract. The offer is therefore revocable at any time by the offeror before ...
Kent 230 N.Y. 239 (1921) — The New York Court of Appeals ruled that a contracted homebuilder was entitled to full payment without tearing down and rebuilding the residence, simply because within it he had installed piping equal to, though a different brand name than, that which had been agreed upon in the contract.
Unilateral may refer to: Unilateralism, any doctrine or agenda that supports one-sided action; Unilateral, occurring on only one side of an organism (Anatomical terms of location § Medial and lateral) Unilateral contract, a contract in which only one party makes a promise; Unilateral declaration of independence
Unilateral (from Latin unus 'one'): on one side of the body. [27] For example, a stroke can result in unilateral weakness , meaning weakness on one side of the body. Varus (from Latin 'bow-legged') and valgus (from Latin 'knock-kneed' ) are terms used to describe a state in which a part further away is abnormally placed towards (varus) or away ...
With President-elect Donald Trump's recent announcement of former surgeon-turned-TV host Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services (CMS), questions are swirling about ...
Contracts may be bilateral or unilateral. A bilateral contract is an agreement in which each of the parties to the contract makes a promise or set of promises to each other. [32] For example, in a contract for the sale of a home, the buyer promises to pay the seller $200,000 in exchange for the seller's promise to deliver title to the property.