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Unilateral and Bilateral Contracts: Examples & Differences

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

When Polly the parrot escaped her cage, her owner Melanie posted a reward for her safe and speedy return. Which type of contract did Melanie engage in?

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1. What differentiates a bilateral contract from a unilateral contract?

2. In order to prove that there was a breach of a unilateral contract, what would one have to prove?

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About This Quiz & Worksheet

This quiz & worksheet will help you ensure you understand the terms of unilateral and bilateral contracts. Some of the information you'll be assessed on in the quiz include the elements of unilateral and bilateral contracts and what makes contracts valid.

Quiz & Worksheet Goals

These assessments will test your understanding of the following concepts:

  • Unilateral vs. bilateral contracts
  • Terms of each contract type
  • Definitions of promisor, promisee, and consideration

Skills Practiced

  • Making connections - use understanding of unilateral and bilateral contracts in different contexts
  • Distinguishing differences - compare and contrast topics from the lesson, such as unilateral and bilateral contracts
  • Information recall - access the knowledge you've gained regarding contracts

Additional Learning

To learn more about contract terms, review the accompanying lesson, Unilateral and Bilateral Contracts: Examples & Differences. The lesson covers the following topics:

  • Elements of unilateral and bilateral contracts
  • Parties in both contract types
  • Examples of both contract types
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