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Crossword Puzzle
8
contracts : an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between them.
expressed contract : a contract in which all elements are specifically stated and the terms are stated, as compared to an "implied" contract in which the existence of the contract is assumed by the circumstances.
implied contract : an agreement created by actions of the parties involved, but it is not written or spoken.
unilateral contract : A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party.
bond : a debt security, under which the issuer owes the holders a debt
lien : a right to keep possession of property belonging to another person until a debt owed by that person is discharged.
debtor : a person or institution that owes a sum of money.
bankruptcy : a legal status of a person or other entity that cannot repay the debts it owes to creditors.
Crossword Puzzle
Across:| 4. | a debt security, under which the issuer owes the holders a debt | | 6. | a contract in which all elements are specifically stated and the terms are stated, as compared to an "implied" contract in which the existence of the contract is assumed by the circumstances. |
| | 7. | a legal status of a person or other entity that cannot repay the debts it owes to creditors. | | 8. | an agreement created by actions of the parties involved, but it is not written or spoken. |
| | Down:| 1. | A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party. | | 2. | an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between them. |
| | 3. | a right to keep possession of property belonging to another person until a debt owed by that person is discharged. | | 5. | a person or institution that owes a sum of money. |
| |
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PuzzleFast.com, Noncommercial Use Only
Crossword Puzzle
Across:| 4. | a debt security, under which the issuer owes the holders a debt | | 6. | a contract in which all elements are specifically stated and the terms are stated, as compared to an "implied" contract in which the existence of the contract is assumed by the circumstances. |
| | 7. | a legal status of a person or other entity that cannot repay the debts it owes to creditors. | | 8. | an agreement created by actions of the parties involved, but it is not written or spoken. |
| | Down:| 1. | A contract in which only one party makes an express promise, or undertakes a performance without first securing a reciprocal agreement from the other party. | | 2. | an agreement having a lawful object entered into voluntarily by two or more parties, each of whom intends to create one or more legal obligations between them. |
| | 3. | a right to keep possession of property belonging to another person until a debt owed by that person is discharged. | | 5. | a person or institution that owes a sum of money. |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only