Chapter 3 Vocab

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Across
  1. 2. of contract is when one or more parties do not follow the agreed terms of a contract without having a legitimate reason
  2. 3. means that all parties involved must agree to the terms of the contract
  3. 6. is a legally binding agreement between two or more people or businesses
  4. 10. is a contract to rent something
  5. 11. is an order to remove or repair unsafe products in the market
  6. 12. Bill of Rights are basic expectations of fair treatment of consumers
  7. 13. means that something of value must be promised in return
Down
  1. 1. means that a person is legally able to enter into a binding agreement
  2. 4. identification number (EIN) is assigned by the IRS for use when preparing federal tax forms
  3. 5. law regulates how contracts are written, executed, and enforced
  4. 7. contract describes the terms of employment between a business and an employee
  5. 8. is a proposal to provide a good or service
  6. 9. and service contract list the goods or services provided by a business and the price the customer pays in exchange