[nalratoss]

I think the examples given by Gleim is very vague and confusing

Amy tells Bill, I’ll pay you $10 to polish my car. This offer is for a unilateral contract. Amy (the promisor) expects Bill (the actor) to accept the act by polishing her car, not making a return promise.

Gleim defines bilateral contract like this:
Amanda tells Bob that she will provide him lodging in September if he agrees to pay her $200. This is an offer for a bilateral contract. If Bob accepts and promises to pay the $200, a bilateral contract is formed.

I don’t get the difference. The only difference is that if the promisor said “I will do A if you do B”-then that’s a bilateral.

But how about this case?

Al says to Brian “I’ll pay you $10,000,000 to play football for me next season”. Gleim defines this as an executor bilateral contract.

Why is this bilateral?

[aaronmo]

I agree…that example is terrible…

Ignore it utterly and read the below. I had issues like this with becker at times…and found that the CPA exam questions were typically more clear. Spotting stuff like this is just a sign that you actually understand things.

https://www.examples.com/business/key-differences-unilateral-bilateral-contracts.html

I think the above makes this more clear.

[Author]

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