Generally, to determine whether an agreement has been made between parties is one of the parties makes a contractual offer to the other party, and the same other party accepts the offer. It is familiar as “promise in return for action.” But B does not promise A to carry out the activity. There is a unilateral contract where the party (A) promises B in return for action by B. It is the same as “promise in return for a promise “. ![]() In return, the party (B) makes a promise or promises to the party (A). Bilateral and unilateral contractsīilateral contracts occur when one party (A) makes a promise, or more than one promises to the other party (B). The formation of a contract with a process is familiar as a speciality contract. ![]() You can decide the terms by the following: A simple written or oral agreement between the two parties is known as a simple and speciality contract.
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