BASIC TERMS IN CONTRACT
Across
- 2. A __________ promise is usually unenforceable due to the absence of an exchange of value.
- 6. Anything of value promised by one party to the other when making a contract can be treated as _____________.
- 8. When a party fails to perform their part of a promise, there will be a ______ of contract.
- 9. ____________ damages refer to damages claimed for an unforeseen loss.
- 11. Unconditional agreement to all the terms of an offer.
- 13. An economic philosophy of free-market capitalism that opposes government intervention.
- 14. Legal methods of enforcing or correcting a contract.
Down
- 1. A _________ contract is an agreement between two parties in which each side agrees to fulfill their side of the bargain.
- 3. One-sided contract agreement.
- 4. A ____ contract is an agreement that is illegitimate and unenforceable from the moment it is created.
- 5. A ________ contract is a valid contract which may be either affirmed or rejected at the option of one of the parties.
- 7. An expression of willingness to contract.
- 10. Liquidated _______ a fair representation of losses in situations where actual damages are difficult to ascertain.
- 12. Liquidated _____ is a claim for a specific amount of money.