Ks and Insurance LP1

4. a contract that has been fully performed
6. a contract that never had any legal effect is _________
7. this rule states that mailed acceptance of an offer occurs upon mailing
8. this rule states that the offeree must accept the offer exactly as states or written; no changes can be made
11. the terms of an offer must be ____ and certain
12. a contract that contains an exchange of a promise for a promise
13. a contract that has not yet been fully performed

1. a contract created based on conduct
2. a contract specifically stated and agreed upon
3. if the offeree changes the terms of an offer, a ______ is made
5. a contract that has legal effect but can be cancelled is _____
9. an offeror must show an ______ to be bound if the offer is accepted
10. a contract in which only one party makes a promise
14. the first step in the contract process; an invitation to make a contract