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Listed below are some technical terms introduced in our course: Tendor Unilateral Contract Anticipatory Breach Acceptance Actual Breach Bilateral contract Agent Bid Beneficiary Each of

Listed below are some technical terms introduced in our course:

Tendor

Unilateral Contract

Anticipatory Breach

Acceptance

Actual Breach

Bilateral contract

Agent

Bid

Beneficiary

Each of the following statements may (or may not) describe one of these technical terms. In the space provided next to each statement, indicate/choose the term described, or selece "None" if the statement does not correctly describe any of the terms.

  1. Agreement by offeree to do what offeror requests in offer
  2. When one party fails to perform the obligations required by a contract
  3. One who represents another in making business transactions
  4. Recipient of the proceeds of a life insurance policy; one who inherits property as specified in a will
  5. Offer made at an auction
  6. Contract in which one party makes a promise in return for a promise made by another party
- A. B. C. D. E. F. G. H. I.

Agreement by offeree to do what offeror requests in offer

- A. B. C. D. E. F. G. H. I.

When one party fails to perform the obligations required by a contract

- A. B. C. D. E. F. G. H. I.

One who represents another in making business transactions

- A. B. C. D. E. F. G. H. I.

Recipient of the proceeds of a life insurance policy; one who inherits property as specified in a will

- A. B. C. D. E. F. G. H. I.

Offer made at an auction

- A. B. C. D. E. F. G. H. I.

Contract in which one party makes a promise in return for a promise made by another party

A.

Actual breach

B.

Tendor

C.

Beneficiary

D.

Anticipatory Breach

E.

Acceptance

F.

Bilateral contract

G.

Unilateral Contract

H.

Bid

I.

Agent

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