Answer :

The statement "if the offeree can accept simply by promising to perform, then the contact is unilateral." is True.

If the offeree can accept an offer by simply promising to perform without the need for actual performance, then the contract is considered unilateral. In a unilateral contract, one party (the offeror) makes an offer that can be accepted only by the other party (the offeree) through performance of a specified act. The offeree's acceptance is manifested through their actual performance rather than a promise to perform.

In contrast, a bilateral contract is formed when both parties exchange promises to perform. In a bilateral contract, acceptance can be communicated through a promise, and the contract is formed at the moment of the promise.

Therefore, if the offeree's acceptance in an offer is based on a promise to perform, the contract is unilateral. However, if the offeree's acceptance is based on the exchange of promises, it is a bilateral contract.

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