Business P2

5. An untrue or misleading statement presented with the intention of deceiving another party
6. Any person who is the age of majority, is of a sound mind and is not disqualified to consent by law is said to be ___ to enter into a contract
9. The factor differentiating an offer and an invitation to treat
11. A deed where interest is transferred from one person to another
12. Essentials of a valid contract include competency, lawful object, lawful consideration and ___
16. An act, abstinence or promise which makes a contract enforceable
17. A latin term meaning ‘agreement with consent’
20. All ___ are agreements but all agreements are not ___

1. A form of Alternate Dispute Resolution (ADR) which can be appealed in the SC and is faster than a typical courtroom trial. It is mainly for business issues and resembles a board meeting.
2. When a person signifies to another, willingness to do/ abstain from doing anything with a view to obtain assent of the other, such act/abstinence is said to make an __
3. A type of contract in which acceptance is non verbal and is conveyed by 'completion by conduct'
4. When one party is in a position to gain unfair advantage over the other
7. In a partnership, a ___ is only a partner in profits
8. A type of contract which is made specifically to another person
10. A wrong prosecuted under civil law
13. A binding promise enforceable by law that stops a person from going back on a contract even if it lacks formal consideration
14. Latin term for a contract void from the beginning
15. A contract with a minor is void unless it is a contract of ___
18. The doctrine of precedent. It means that courts look to past, similar issues to guide their decisions. Its Latin for ‘to stand by things decided’
19. Committing or threatening to commit any act forbidden by the Indian Penal Code