College Business Law Ch.11 Crossword

What is: The judgement, price, or promise that causes a person to enter into a contract and forms a basis for parties’ exchange?
What is: Both parties must get something of measurable value from the contract?
What is: The 2 parties must have bargained for whatever was exchanged and struck a deal?
What rule refers to a civil war-era case?
What is: A contract provision that attempts to release one party from liability in the event the other party is injured?
What is: the legal ability to enter into a contract?
When an intoxicated person makes a contract, it is voidable.
To cancel a contract
What is a legally enforceable agreement called
when a person or company proposes a deal
the party in contract negotiations who MAKES the first offer.
The party who RECEIVES the first offer.
responding to the offer a certain way
the contract that must be for a lawful purpose (ex: stolen goods, drugs, no contract)
both parties must agree to terms
occurs when the main obligations of a contract end
a court will award money or other relief to a party injured by a breach of contract.
Both parties make a promise ( to do something) for each other.
one party promises to pay another. One party makes a promise to the other that the other party can accept only by doing something specific. (less common).
satisfies the law requirements.