I am responding to the prompt 4 in the following essay. An offeror is the person who proposes the
contract and the offeree is the person who accepts the contract. Generally, the bilateral contract means
a promise exchange for a promise. The offeror expects a promise from the offeree to establish a legal
contract. For example, a retail store places an order of kids’ toys and promises that it will pay $25,320 to
the supplier if all the 2,532 toys are in good conditions. Meanwhile, the supplier promises that he will
send 2,532 good quality toys to the retail store on March 4th, 2019. After these two parties exchange the
promises, they have obligation to abide by the contract. If one of the parties violets the contract, the
other party can accuse of infringement of contract. For instance, if the retail store did not pay full
amount of money to the supplier after they receive all good quality toys, the supplier can sue for breach.
In the other hand, if the supplier sends unqualified toys to the retail store, the retail store may sue for
breach too.
Unilateral contract means a promise exchanged for an act. The offeror expects the offeree to do
something to establish the contract. For example, a manager of the nail store told the workers that they
will receive $20 rewards if they can ask a customer to open a monthly membership card. The manager
also told the worker that more membership cards the customers open, more rewards the workers can
earn. If one of the workers tells the manager that she will make 30 customers to open the monthly
membership cards, this is a promise but not an action. Therefore, it cannot be considered as the
unilateral contract. However, while this worker actually makes 30 customers open the monthly
membership cards, the manager has to keep the promise and pay the worker $600 as rewards. To insure
the justice, when the performance begins, the manager has to give rational amount of time to the
workers so that they can ask customers to open the monthly membership cards.