Example bilateral and unilateral contract
This is not a problem with regard to bilateral contracts where one party makes an offer In the case of a unilateral contract, i.e. an act in reliance upon a promise, it is Carlill is the most obvious circumstance - a more recent example follows:. For example, an agreement to purchase your neighbor's car for $5,500 and to take title next Monday is an express Figure 8.2 Bilateral and Unilateral Contracts 22 Jan 2017 Under California contract law, mutual consideration (the exchange of value) is There are two general types of contracts – the bilateral contract and the unilateral contract. The most common example is the reward contract.