Question

matching
contract
obligation
offeror
offeree
counteroffer
breach of contract
commerce
merchant

1. is a person who makes an offer.
2. is the violation, without legal excuse, to perform contractual obligation
3. a legally binding agreement between two or more parties that create mutual obligations enforceable by law.
4. is the activity and exchange of selling and buying of goods, services, property, etc.
5. a person that regularly deals in transactions involving certain types of goods or holds himself out as having special knowledge about those goods.
6. is an offer in response to an initial offer.
7. is the course of action that someone is required to do to meet the terms or a contract or agreement.
8. is a person to which the offer is made for.

Explanation:

• 1. Offeror: The term "Offeror" directly refers to the person making an offer.
• 2. Breach of Contract: "Breach of Contract" is defined as violating contractual obligations without legal excuse.
• 3. Contract: A "Contract" is a legally - binding agreement with mutual obligations.
• 4. Commerce: "Commerce" involves selling and buying activities.
• 5. Merchant: A "Merchant" regularly deals in specific goods or claims special knowledge.
• 6. Counteroffer: A "Counteroffer" is a response to an initial offer.
• 7. Obligation: "Obligation" is the required action to meet contract terms.
• 8. Offeree: The "Offeree" is the recipient of an offer.

Answer:

1. Offeror
2. Breach of Contract
3. Contract
4. Commerce
5. Merchant
6. Counteroffer
7. Obligation
8. Offeree