Answer :
Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job by Saturday, she will pay him $1,000. Yvonne's offer creates unilateral contract.
- A contract is only regarded as legal if both parties can enforce it. B. Parties can voluntarily carry out a void agreement.
- A contract is defined as a commitment to do something between two or more parties.
- A loan arrangement between automobile purchasers and sellers is an illustration of a contract.
- An arrangement between two persons to get married is an example of a contract.
Three Common Construction Contracts
- Fixed price - Fixed price construction contracts, also commonly referred to as “lump sum” or “stipulated sum” contracts, are the most common types of construction contracts.
- Cost plus
- Guarantee Maximum fee.
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