Answered

Westonci.ca makes finding answers easy, with a community of experts ready to provide you with the information you seek. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Markel entered into a contract with Jaylin to paint a portrait for her in consideration of $600. This contract was freely negotiated. 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?

a. It must be in writing because it took longer than one year to complete.
b. It must be in writing because it was for more than $500.
c. It is a unilateral contract.
d. The contract need not be in writing.

Sagot :

Answer:

It is a unilateral contract.

Explanation:

A unilateral contract is a type of contract where only one party of the persons involved in the contract agrees to offer something.

In this case, Markel is offering to give Jaylin $600 for her portrait and Jaylin is not giving any specified time of delivery.

The contract is termed as the legal agreement between two-person that defines the rights and duties between the individuals or among the parties.

It is a legally enforceable obligation or the boundation between the person that accepts at their own wish for the exchange of the goods and services.  

The correct option is c. It is a unilateral contract.

A unilateral contract is a type of contract where only one party of the persons involved in the contract agrees to offer something.

In this case, Markel is offering to give Jaylin $600 for her portrait and Jaylin is not giving any specified time of delivery. This is the correct option because it has been specified in the context itself about the one side contract by Markel.

To know more about the unilateral contract, refer to the link below:

https://brainly.com/question/25313756

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.