Contract Law Terminology

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Across
  1. 2. unfairly receiving a benefit
  2. 10. set of laws that governs transactions between states and business transactions
  3. 11. receives rewards because they are actually stated in the contract as a recipient
  4. 13. one who holds the obligations and receives the benefits
  5. 14. precedent set by prior court rulings
  6. 17. acceptance must be for the exact same terms and conditions presented
  7. 18. requires that only one party make a promise that is open and available to anyone who performs the required action
  8. 19. accept the offer in exchange for consideration for something of value like money
  9. 20. receives benefits from a contract and is generally stated or named within the contract
  10. 21. controls most agreements between parties whether oral or written, that involve goods, services, money, employment contracts and real estate deals
Down
  1. 1. receives benefits indirectly
  2. 3. binds parties together through a mutual agreement and intent, but there are no expressed terms of the agreement
  3. 4. elements are not specifically written or expressed but is still enforceable because a product or service was actually provided
  4. 5. not legally enforceable because it is too vague or even impossible to fulfill
  5. 6. pay for the lug nuts or return them to the repair shop
  6. 7. a contract for the sale of goods over $500 is not enforceable unless it is written
  7. 8. a legal document containing signatures of two or more parties that is binding and enforceable
  8. 9. receive benefits of a contact while not owing any obligation
  9. 12. elements are specifically stated
  10. 15. non-performance
  11. 16. requires both parties to a contract to perform an action