| 1. | In unilateral contracts, the promisor seeks acceptance by performance from the promisee.
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| 2. | The promisor has maximum protection and the promisee has maximum risk in this scenario.
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| 3. | This liability can never exceed the amount that the promisor owes under the contract.
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| 4. | The person manifesting intent is the Promisor.
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| 5. | Essentially, once a promisee begins performance, an option contract is implicitly created between the promisor and the promisee.
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| 6. | Consequently, the debtor is still liable for the whole amount, as he cannot force the promisor to accept less.
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| 7. | Once the promisee performed completely, consideration is satisfied and a contract is formed and only the promisor is bound to his promise.
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| 8. | So, if a promisee provides 99 % of the performance sought, the promisor could then revoke without any remedy for the promisee.
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| 9. | What if a promisor ( A ) orally agreed to supply grain to a promisee ( B ), but failed to do so?
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| 10. | Well, the first gavels haven't even fallen in the new legislative session yet, and the promisors already are two-stepping.
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