Mary offers to buy Hal's desktop computer for $400. Hal sends Mary an e-mail of acceptance. The $400 is to be paid upon Hal's delivery of the computer. Which of the following properly classifies this contract? A. This is a bilateral, valid, executory contract. B. This is a bilateral, valid, executed contract. C. This is a unilateral, express, executory contract. D. This is a unilateral, implied-in-fact, executed contract.

Business · High School · Tue Nov 03 2020

Answered on

The proper classification of this contract is:

C. This is a unilateral, express, executory contract.

Here's why:

  • Unilateral contract: It's a one-sided contract where one party (Mary) makes an offer that requires a specific action (Hal's delivery of the computer) from the other party to accept the offer.
  • Express contract: The terms of the contract were clearly stated, defined, and communicated.
  • Executory contract: The contract is yet to be fully performed. The payment of $400 upon Hal's delivery of the computer indicates that the contract is in the executory stage, where the obligations are to be fulfilled in the future.






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