Contract Legal Terms

0.0(0)
Studied by 0 people
call kaiCall Kai
Locked
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/4

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 4:41 PM on 8/26/26
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai
Chat

No analytics yet

Send a link to your students to track their progress

5 Terms

1
New cards

Offer

A proposal by one part to enter into a legally binding agreement with another party

2
New cards

Acceptance

The unconditional agreement to the terms of an offer forming a binding contract

3
New cards

Consideration

Something of value exchanged between parties to form the basis of a contract

4
New cards

Breach of contract

The failure to fulfill the terms of a legally binding agreement

5
New cards

Indemnity

A contractual obligation by one party to compensate another for specified losses or damages.