Business Law Chapter 11 Vocabulary

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Name
Date
(Key # 1 - 141878)
Business Law Chapter 11 Vocabulary
Complete the crossword puzzle.
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The action of procedure
followed to enforce a
right or to get damages
for an injury to a right.
Person who owes a duty
under a contract.
Backing out of the
transaction by asking for
the return of what you
gave and offering to give
back what you received.
Offer to perform an
obligation; this is
sometimes
compensated in
exchange for money,
known as legal
_______.
Contractual parties
release of the other
party from the duty of
performance and the
acceptance of a
substitute party.
Transaction by which a
party transfers
contractual rights to
another.
A termination of the
duties in a contract that
ordinarily occurs when
the parties perform as
promised.
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Taking reasonable steps
to minimize damages
caused by a breach of
contract. (3 words)
Failure to complete
performance (what a
party agreed to do) in a
contract. (3 words)
Legal proceedings
discharging debts.
The fulfillment of
contractual promises as
agreed.
Failure to perform a
legal duty or failure to
perform an agreement.
11
When a party
intentionally and
explicitly gives up a
contractual right.
Answer Key: Key # 1 - 141878
Business Law Chapter 11 Vocabulary
Complete the crossword puzzle.
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O B L
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R E M E D Y
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