Thank you. My lecture was making it unnecessarily complicated for some reason. He would combine his definition sometimes with case laws instead of separating the two parts of case law and definition. So you end up trying to understand both areas of the topic simultaneously. I think it's better to know the definition first and then apply to how it's recognised in case studies.
Beautiful explanation. This is the right way to differentiate between both. The classic reward example doesn't clarify unilateral contract like this one
Make sales a bike on gumtree, which stated’ Bike for sale for 800, if you have an Australian Red Ensign Flag, I will knocked 8% off the price. Is this a unilateral offer?
It looks like you are asking this w/r/t case law from Australia/UK so I'm not sure how your instructor wants you to approach this question. How did you reason through this?
So, that means in bilateral contract you can pay before the action is done. Because the other party promised to do. But in unilateral contract you will get paid only after the job is done?
That is the right idea but in a bilateral contract you can also promise to pay after the work is done. Almost every contract is bilateral. You exchange promises and form an agreement. Maybe you promise to pay before or after the other side does what it is supposed to do under the contract. Unilateral contracts are unusual. Typically rewards and contests - things like that.
@@USLawEssentials like what kind of example of unilateral contracts can be between the countries? If you don't import cotton to my country I will pay you or will not do something? That's confuse me a bit, but nevertheless thank you for your answer!
Almost! Not quite though. It's actually not a donation. And the witness requirement isn’t accurate. Under US law it is a type of contract where the offer is accepted by performance, not a promise.
@@USLawEssentials very interesting 🤔. Do the main elements of a contract matter in unilateral contracts? Such as 1.) A wet ink signature from both parties. 2.) Full disclosure 3.) Start and end date 4.) Is the performance or promise even possible to achieve.
You might be over complicating this. Have you ever won a game prize (even a small one)? You formed a unilateral contract. Pick the right numbers and win money. Sink a basket and win a teddy bear. Find a dog and collect a reward. All of those are unilateral contracts. You did the thing and got the promised reward. You didn’t promise to do anything, you just performed so now the other side had to keep the promise.
