Answer :

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

If the offeror promises to perform in exchange for the offeree's promise to perform, and the offeree can accept by simply promising to perform, then the contract is unilateral. This means that only the offeror promises to do something, and the offeree is only required to perform if they choose to accept the offer.

An example of a unilateral contract would be a reward for finding a lost item. The offeror promises to pay a reward to anyone who finds the item and returns it, and the offeree can accept by finding and returning the item. In this case, the offeror has made a promise and is obligated to pay the reward if the offeree performs, but the offeree is not obligated to perform unless they choose to accept the offer.

Overall, the key characteristic of a unilateral contract is that only one party is making a promise, and the other party can accept it by performing the requested action.

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