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activity 6 crossword puzzle
8
Contracts: agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation
Expressed contract: a legally binding agreement between two parties in which all the essential terms of the contract
Implied contract: is an agreement created by actions of the parties involved
Unilateral contract: an offer or promise by the person giving the offer or promise without a second party accepting it.
Bond: an instrument of indebtedness
Lien: is a legal claim or hold on a piece of property.
Debtor: is an entity that owes a debt to another entity.
Bankruptcy: a legal status of an insolvent person or an organization
activity 6 crossword puzzle
Across:2. | a legal status of an insolvent person or an organization | 4. | agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation |
| 6. | an offer or promise by the person giving the offer or promise without a second party accepting it. | 8. | is an agreement created by actions of the parties involved |
| | Down:1. | a legally binding agreement between two parties in which all the essential terms of the contract | 3. | is an entity that owes a debt to another entity. |
| 5. | an instrument of indebtedness | 7. | is a legal claim or hold on a piece of property. |
| |
© 2012
PuzzleFast.com, Noncommercial Use Only
activity 6 crossword puzzle
Across:2. | a legal status of an insolvent person or an organization | 4. | agreement entered into voluntarily by two parties or more with the intention of creating a legal obligation |
| 6. | an offer or promise by the person giving the offer or promise without a second party accepting it. | 8. | is an agreement created by actions of the parties involved |
| | Down:1. | a legally binding agreement between two parties in which all the essential terms of the contract | 3. | is an entity that owes a debt to another entity. |
| 5. | an instrument of indebtedness | 7. | is a legal claim or hold on a piece of property. |
| |
© 2012
PuzzleFast.com, Noncommercial Use Only