In a unilateral contract, what obligation does the insured have?

In a unilateral contract, the key aspect is that only one party makes a promise that is enforceable. In the context of an insurance contract, the insurer promises to pay a benefit or provide coverage if specific conditions are met, while the insured's obligations center around complying with those conditions established by the insurer.

Choosing to comply with the conditions set by the insurer is essential for the insured to ensure that the policy remains valid. These conditions may include paying premiums on time, providing accurate information during the application process, and adhering to any stipulations regarding claims. If the insured fails to comply with these conditions, it could result in the denial of claims or even the cancellation of the policy.

The other options do not accurately reflect the nature of the obligations in a unilateral contract. Fulfilling requirements based on budgetary constraints implies a negotiable aspect which does not align with the traditional understanding of how unilateral contracts operate. Negotiating terms is not a characteristic of unilateral contracts, and automatic renewal of a policy is not inherently a requirement unless stipulated by the terms of the contract. Therefore, the correct answer highlights the necessity for compliance with the insurer's conditions, reinforcing the nature of obligations within unilateral contracts.