Business Law Unit 3 Question 1

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Begin each written assignment by identifying the question number you are answering followed by
the actual question itself (in bold type). 

• Use a standard essay format for responses to all questions (i.e. an introduction, middle
paragraphs and conclusion

• Responses must be submitted as a MS Word Document only, typed double-spaced, using a
standard font (i.e. Times New Roman) and 12 point type size. 

 Undergraduate courses: 350 – 500 words or 1 – 2 pages. 

All work must be free of any form of plagiarism. Put written answers into your own words. Do not simply cut
and paste your answers from the Internet and do not copy your answers from the textbook. Be sure to refer to
the course Syllabus for more details on plagiarism and proper citation styles. 

Question 1) Which type of contract, bilateral or unilateral, is more common in business? Why? Under what
circumstance would someone prefer one or the other? What are the advantages of each type for the
offeror? For the offeree? Unit 3