Homework – Business – Contracts -bilateral or a unilateral contract?

Question by bj_osterhout: Homework – Business – Contracts -bilateral or a unilateral contract?
“Mary contacts Joe, who does lawn maintence work, and makes the following offferL “After my lawn is mowed, I’ll pay you $ 25.” Joe repsonds by saying “I accept your offer.” Is there a contract? Is this an offer to from a bilateral or a unilateral contract? What is the legal significance of the distinction?”

Help me out.. my book does not explain very well the difference between Unilateral and Bilateral contracts.. Thanks!

Best answer:

Answer by ladybird
First of all, it’s a contract, even though it’s verbal, because it has
1. an offer
2. an acceptance
3. consideration

It is a unilateral contract because only one of the parties is undertaking to do anything. For it to be a bilateral contract, there would have to be a reciprocal arrangement – if you do something for me, then I’ll do something for you.

What do you think? Answer below!