Essentials of Business Law 7th Edition by Anthony Liuzzo

Exercise 1

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. competent party
b. consideration
c. divisible contract
d. entire, or indivisible, contract
e. executed contract
f. executory contract
g. express contract
h. formal contract
i. implied contract
j. legality of purpose
k. mutual agreement
l. oral contract
m. proper form
n. voidable contract
o. void contract
A "meeting of the minds" regarding the rights and obligations of the parties to a contract.