| A | B |
|---|
| compounding a crime | to refrain from informing on or prosecuting an alleged crime in exchange for money or other valuable consideration |
| executed contract | contract that has been fully performed |
| lottery | composed of prizes, chance, and consideration |
| price fixing | when competing firms agree on the same price to be charged for a product or service |
| wager | a bet on the outcome of an event |
| competency license | license required of professionals certifying that they can perform adequately |
| quasi-contract | created by court action to prevent unjust enrichment |
| contracts of adhesion | take it or leave it contracts |
| revenue license | license granted only to earn revenue for a licensing body |
| bid rigging | competitors agreement that one bidder will have the lowest bid for a particular job |
| executory contract | contract that has not been fully performed |
| integration clause | contract clause stating that both parties agree that the terms written in the contract constitute the entire and final agreement |
| parol evidence | spoken words inadmissible in court |
| statute of frauds | law stating that certain agreements are not enforceable in court unless they are evidenced by a signed writing |
| unconscionable | term or contract that, under the UCC, is grossly unfair and oppressive |
