How do bilateral and unilateral contracts differ in a study problem?
Staff Q&A from the 63Hours team.
Ask clear questions about the Florida real estate course and learn from course-specific answers.
How do bilateral and unilateral contracts differ in a study problem?
Staff Q&A from the 63Hours team.
Look at what is exchanged. A bilateral agreement exchanges promises, such as a seller's promise to transfer property for a buyer's promise to pay. A unilateral arrangement involves a promise accepted through the specified performance. Count the obligations and method of acceptance, not the number of people standing in the room.
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Discussion prompt: Is the requested acceptance a promise or an act?