Question

A car dealer promises to give a $5,000 bonus to the first salesperson who sells 10 cars this week. Which type of contract is this?

Answer 1

Answer:

Unilateral contract

Explanation:

According to the given statement in the question, this is a type of a unilateral contract.

The unilateral contract is a type of contract in which only a single party makes the promises or undertakes the tasks or the responsibilities in return to the task or an act performed by the second party.

Here,

The car dealer is promising the salesperson to give bonus upon the selling of 10 cars by the salesperson.