What word means something of value(like money or service) exchanged in a contract, consideration, intention, counter-offer , lapsed, What term means a contract that has on legal effect?, lapsed, offer, void, statement, Which term means a proposal made by one person to another to make a contract?, acceptance, offer, current account, transfer, what we call it when the other person agrees to the offer?, acceptance , offeree, offeror, not given, what word describes an offer that is no longer valid because too much time has passed, void, offer, Lapsed, consideration, what we call the person who makes the offer?, offeror, offeree, acceptance, counter-offer, which element shows that both sides want to create legal relation?, offer, intention, consideration, lapsed, what do we call a new offer made in response to an old one?, counter-offer, offer, void, lapsed, what we call the person who receives the offer, acceptance, offeror, counter-offer, offeree.

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