After losing his dog Jones places an ad in the paper offering a reward for its safe return. What type of agreement is this?
A. Implied.
B. Bilateral.
C. Unilateral.
D. Consensual.
An agreement where one person promises to compensate, reward, or thank someone upon the completion of a task, regardless of who does it and without any obligation or promise by anyone to do it, is known as a unilateral agreement.
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Exam Details
This is an exam covering PSI specific real estate contract questions
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Added: 5/29/2008
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