Markel entered into a contract with jaylin to paint a portrait for her in consideration of $600. This contract was freely negoti
ated. There was nothing in the terms of the agreement about when markel had to start on the portrait or how long it should take him to finish. It took markel a long time to complete the portrait, almost 18 months. Which of the following is true of this contract?
This kind of contract is a<u> unilateral contract </u>
<h3>Unilateral contract </h3>
A unilateral contract is a type of contract whereby only a party in the contract is willing to offer something in exchange for performance of the other party.
In the contract entered between Markel and Jaylin, Jaylin will pay Markel $600 for the painting but does not give Marke a time limit for delivering the job. Therefore the offer is based on Markel's performance and Markel is not fully obligated as well.
Hence we can conclude that the kind of contract is a unilateral contract.
