Chapter 9 Vocabulary Contracts Flashcards

1
Q

Acceptance

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2
Q

Assignment

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3
Q

Bilateral Contract

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4
Q

Binder

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5
Q

Breach of Contract

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6
Q

Closing

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7
Q

Compensatory Damages

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8
Q

Competent Parties

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9
Q

Consideration

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10
Q

Contingency

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11
Q

Contract

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12
Q

Contractual Capacity

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13
Q

Counteroffer

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14
Q

Damages

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15
Q

Default

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16
Q

Deposit

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17
Q

Dual Contract

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18
Q

Duress

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19
Q

Earnest Money

20
Q

Equitable Money

21
Q

Equitable Title

22
Q

Executed Contract

23
Q

Executory Contract

24
Q

Land Contract

25
Liquidated Damages
26
Marketable Title
27
Meeting of the Minds
28
Novation
29
Offer
30
Option
31
Optionee
32
Optioner
33
Parol Evidence Rule
34
Rejection
35
Rescission
36
Revocation
37
Rider
38
Specific Performance
39
Statute fo Frauds
40
Statute of Limitations
41
Time is of the Essence
42
Unenforceable
43
Unilateral Contract
44
Valid Contract
45
Void Contract
46
Voidable Contract