CONTRACTS DEFINITIONS Crossword

Cancellation or cooling off period
Addition to contract
Change to contract
Transfer of rights/duties of contract
A promise for a promise Bilateral
Ability to understand a contract
Money or something of value
A provision in a contract that must be met for the contract to be considered enforceable
Made to Seller showing the Buyer’s good faith in a transaction
Certain ownership rights to the property despite having closed the deal
Money held by a third-party on behalf of transacting parties
Contract has been performed Executed
Parties both have something to perform/finish
Parties state the terms in words
Act of providing funds for business activities, making purchases, or investing
Deliberate deception to secure unfair or unlawful gain
One party is unclear of the terms
Offer and acceptance
A false statement of fact made by one party to induce another party into a contract
Protects prior purchasers if property defaults
Execution or accomplishment
Requires contract to be in writing to be enforceable