unilateral

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    Presentation on Unilateral and Bilateral Contracts

    Description Contract under which there is an exchange of a promise for a promise. An insurance policy is deemed to be a unilateral contract. Unilateral and Bilateral Contracts 1 Unilateral and Bilateral Contracts 2 Case: Artist for Slogans Abhay works in the field of advertising. He is...
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    UNILATERAL TRANSFER

    UNILATERAL TRANSFERS Unilateral transfers or ‘unrequited receipts’, are receipts which the residents of a country receive ‘for free’, without having to make any present or future payments in return. Receipts from abroad are entered as positive items, payments abroad as negative items. Thus...
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