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
Q

Liquidated Damages

26
Q

Marketable Title

27
Q

Meeting of the Minds

28
Q

Novation

29
Q

Offer

30
Q

Option

31
Q

Optionee

32
Q

Optioner

33
Q

Parol Evidence Rule

34
Q

Rejection

35
Q

Rescission

36
Q

Revocation

37
Q

Rider

38
Q

Specific Performance

39
Q

Statute fo Frauds

40
Q

Statute of Limitations

41
Q

Time is of the Essence

42
Q

Unenforceable

43
Q

Unilateral Contract

44
Q

Valid Contract

45
Q

Void Contract

46
Q

Voidable Contract