Commercial law

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Across
  1. 2. Federal appellate court reviewing district court decisions
  2. 10. Equitable relief where courts order performance rather than awarding money
  3. 11. Background facts section of a contract, often called “Whereas clauses”
  4. 12. An agreement where one party is not truly bound; often invalid for lack of consideration
  5. 13. Symbolic or nominal form of consideration, often written as “$1 and other valuable ___”
  6. 15. Meeting of the minds; parties must share the same understanding of contract terms
  7. 18. Expression of present intent to form a contract
  8. 19. A binding contract formed properly, unlike a letter of intent
  9. 20. Section of contract that ensures the correct party signs with authority, not personal liability
  10. 21. Rule where courts interpret contracts using the plain meaning “inside the document”
  11. 24. Highest court in the federal judiciary
  12. 25. Rare damages meant to punish malicious or egregious conduct
  13. 28. Assists federal judges by handling pretrial matters and smaller cases
  14. 29. Allows enforcement of a promise without consideration when reliance causes detriment
  15. 30. Monetary remedy designed to make the non-breaching party whole
  16. 31. Compensate based on what the party expected to receive from the contract
Down
  1. 1. Power of courts to declare laws or executive actions unconstitutional
  2. 3. Legal rules that cannot be changed by contract (e.g., paying employment taxes)
  3. 4. Legal rules that apply unless the parties alter them by contract
  4. 5. Conditional acceptance that rejects the original offer and proposes new terms
  5. 6. Remedy where courts rewrite contract terms to reflect true intent
  6. 7. Remedy that cancels a contract and returns parties to their original positions
  7. 8. Federal trial court where civil and criminal cases begin
  8. 9. Necessary element of contract formation; a bargained-for exchange
  9. 14. Transfer of possession of property, not ownership
  10. 16. Rule requiring certain contracts (like land sales or over $500 goods) to be in writing
  11. 17. Non-binding document that outlines parties’ intent to negotiate
  12. 22. Compensate for money spent in reliance on the contract
  13. 23. Must be unequivocal, timely, and mirror the offer; conditional versions are counter-offers
  14. 26. Standard clauses like assignment, choice of law, or severability
  15. 27. Remedy requiring return of benefits to prevent unjust enrichment