A unilateral promise is a commitment made by one party to do something in exchange for the act of another party, creating a binding obligation upon the promisor once the other party performs the specified action. This type of promise does not require mutual agreement or consideration from both sides; instead, it relies on the acceptance of the offer through performance. The nature of unilateral promises ties closely with concepts such as illusory promises and mutuality of obligation, highlighting how obligations are formed when one party acts upon the promise made.
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