JD Next Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the JD Next Exam with quizzes and tests! Utilize flashcards and multiple choice questions with detailed explanations to boost your readiness. Ace your exam confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When discussing performance in a unilateral contract, what must occur?

Offer and acceptance between two parties
One party performs their duty
Both parties must sign the agreement
Payment must be made upfront

The correct answer is: One party performs their duty

In a unilateral contract, performance by one party is the essential requirement that validates the agreement. A unilateral contract is characterized by an offer made by one party, which can only be accepted through the performance of a specified act by the other party. This means that once the act is completed, the party who made the offer is legally bound to fulfill their part of the contract, usually involving a payment or another form of compensation. This specific nature of unilateral contracts distinguishes them from bilateral contracts, where mutual agreement (offer and acceptance) between both parties is necessary, and both parties hold obligations to perform. Thus, in a unilateral contract, the focus is on the performance of the duty by the party accepting the offer, which forms the basis of the agreement and creates enforceable obligations.