Question

Parker, the star quarterback of the Colorado Pony’s agrees (in a separate contract) with the owner of the team that if he plays in the super bowl in 2013 he will receive an additional $10,000,000. Parker plays his heart out and the pony’s go to the super bowl. Prior to the big games Parker is taking publicity photos on the team mascot when “Tony” the pony bolts and Parker is thrown, injuring his leg and can no longer playing the big game. Lost without Parker the pony’s loose the game. On the Monday After the super bowl Parker goes to the team owner and requests his $10,000,000 check. Will he get it? Is this a unilateral or a bilateral contract? Why or why not? How was this contract accepted (if it was)?

Answer 1

This is unilateral contract bacause a unilateral contract is a contract agreement in which an offeror promises to pay after the occurrence of a specified act, In a unilateral contract, the offeror is the only party with a contractual obligation. Unilateral contracts are primarily one-sided.

A unilateral contract is a contract created by an offer that can only be accepted by performance. To form the contract, the party making the offer (called the “offeror”) makes a promise in exchange for the act of performance by the other party.