A contract is defined as a promise or a set of promises that must be performed by the parties to the contract. The performance of that contract is recognized by the law as a duty. If the contract is breached by a party to the contract, then the law provides a remedy for other parties to the contract. However, in a unilateral contract, there is no contract until the offeree performs the requested act. It is a promise for an act.
Based on the information given above, answer whether a unilateral contract fits the definition of a contract? Why or why not?
Support your answer with proper reason and examples.
Discussion Question 2: UCC (Article 2) and Contract Laws in a State
The Uniform Commercial Code of Contracts (UCC), Article 2, is a set of acts that have been distributed throughout the 50 states. The UCC is not law, but is a suggestion of what the law or laws should be concerning contracts. However, not all states have adopted the UCC altogether; therefore, there are some differences in contract interpretation among the states.
Using Westlaw, research the contract laws in your home state. Then examine the similarities and differences between the UCC (Article 2) and your state’s contract laws. Support your answer with proper reason and examples. Support your answer with proper reason and examples.
Post your response to the Discussion Area by the due date assigned. Respond to at least two posts by the end of the week.
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