Match the following terms with their definitions: ___ A. Implied contract ___ B. Mirror image rule ___

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Match the following terms with their definitions:
___ A. Implied contract
___ B. Mirror image rule
___ C. Consideration
___ D. Liquidated debt
___ E. Bilateral contract
1. A debt in which the amount is undisputed.
2. An agreement based on one promise in exchange for another.
3. Bargaining that leads to an exchange between the parties.
4. An agreement based on the words and actions of the parties.
5. A common law principle requiring the acceptance to be on exactly the terms of the offer.

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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

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