KS Bar Practice Questions - Kansas Bar Examination Exam

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An offeree begins performance of a unilateral contract in response to an offer that can be accepted only by full performance. Under the modern view (Restatement (Second) of Contracts § 45), what is the legal effect once performance has begun?

The offeror may revoke at any time before full performance is complete The offeree is bound to complete performance once begun A bilateral contract is immediately formed An option contract is created, and the offeror's power to revoke is suspended while the offeree completes performance

Correct Answer:

An option contract is created, and the offeror's power to revoke is suspended while the offeree completes performance

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