Contract 1
A _________ is an agreement between two or more people
contract
The person who made to offer is called the
offeror
The legal ability to enter into a contract
capacity
A person who has not reached the age of majority is know as a
minor
______________ means to take back an offer
revoke
The person that the offer is made to is called
the offeree
Contracts for the sale of land must be
a. In writing
b. Oral
in writing
The cutting off of a child parent relationship is called
emancipation
When the offeree reject to offer, the offer is
terminated
ANother name for a contract that is by word of mouth is.
oral contract
A contract that has been fully performed
executed contract
For a contract to be enforceable it must be this L word
Legal
If the offeror of an agreement dies the offer is
unenforceable
Offers made as a joke are
a. unenforceable
b. enforceable
unenforceable
When to offeree changes the terms of the original offer it is called a
counter offer
Contracts that take more than a year to complete must be in this W word
writing
_____________ occurs when a party to whom an offer has been made agrees.
acceptance
A _______ is the transfer of ownership without receiving anything in return
gift
Entering into an agreement by making untrue statements of fact is called
fraudulent misrepresentation
The age of majority in the United States is
eighteen