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I am Lyosha [343]
1 year ago
15

a seller places an ad on social media stating that the seller will pay $10,000 to the first licensed real estate broker who find

s a buyer for the seller's condo that results in a closed sale. which type of contract is this?
Business
1 answer:
ser-zykov [4K]1 year ago
7 0

A seller places an ad on social media stating that the seller will pay $10,000 to the first licensed realtor who finds a buyer for the seller's condo that results in a closed sale. This is a type of unilateral contract.

<h3 /><h3>What is a unilateral contract?</h3>

Corresponds to a contract where there is a reward for a certain action, which is performed by only one of the parties involved in the contract, as for example in the statement, where the realtor who is interested in the seller's offer must carry out a closed sale to receive the $10,000 reward.

Therefore, in a unilateral contract, the agreement must be fulfilled after the performance of the contractor's action. If the offer is revoked, it must be duly expressed prior to the practice of the previously determined action. Some examples of the use of unilateral contracts are contests and performances.

Find out more about unilateral contract here:

brainly.com/question/15648341

#SPJ1

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actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow’s living opportunities ce
JulsSmile [24]

Based on the fact that ActioNOW and Becca entered into an oral contract where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are d. none of the choices.

<h3>Who can enforce this contract?</h3>

This transaction between Becca and ActioNOW was an oral contract which means that it falls under the Statute of Frauds. However, for an oral contract to be enforceable under this Statute, the goods or services exchanged have to be less then $500 in value.

The services or goods also have to be less than 1 year in duration. Because Becca and ActioNow agreed for a contract of 18 months which is more than a year, this contract is not enforceable under the Statute of Frauds and so the government cannot enforce this contract.

Options include:

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  • b. Becca.
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Find out more on the Statute of Frauds at brainly.com/question/14854791

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