Chapter 3 Vocabulary

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Across
  1. 2. A proposal to provide a good or service.
  2. 6. an order to remove or repair unsafe products in the market.
  3. 8. contract to rent something.
  4. 10. A legally binding agreement between two or more people or businesses.
  5. 11. law- regulates how contracts are written, executed, and enforced.
Down
  1. 1. Something of value must be promised in return
  2. 3. All parties involved must agree to the terms of the contract.
  3. 4. of contract- when one or more parties do not follow the agreed terms of a contract without having a legitimate reason.
  4. 5. contract- The terms of employment between a business and an employee.
  5. 7. A person is legally able to enter into a binding agreement.
  6. 9. and service contracts- list the goods or services provided by a business and the price the customer pays in exchange.