Alabama Real Estate Practice Exam 2025 – All-in-One Guide to Master Your Real Estate License!

Question: 1 / 400

What defines a unilateral contract?

Both parties promise to perform an action

It involves a promise in exchange for performing a specific action

A unilateral contract is a type of contract where only one party makes a promise in exchange for the other party's performance of a specific action. Option A is incorrect because both parties do not necessarily make a promise. Option C is incorrect because a unilateral contract does not have to involve real estate transactions. Option D is incorrect because a unilateral contract can be between two parties.

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It must involve real estate transactions

It is always between three or more parties

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