Unit 12 Law and Contracts (Review)

Unit 12

Law and Contracts (Review)

LISTENTING TEST​

​

Multiple Choice

• A

• B

• C

​Who is ging to sign the contract?

​(A) There is a sign on the wall.

​(B) All of the parties.

​(C) They contacted us the other day.

Multiple Choice

• A

• B

• C

​Where do I put my signature?

​(A) At the bottom of the page.

​(B) In the store window.

​(C) Put it over here.

Multiple Choice

• A

• B

• C

​When was te agreement signed?

​(A) Let's discuss the details first.

​(B) One of teh parties broke the contract.

​(C) I heard the negotiations broke down.

Multiple Choice

• A

• B

• C

​What legal obligation do we have?

​(A) I'm very obliged, thank you.

​(B) I will contact them immediately.

​(C) We must replace the merchandise.

Multiple Choice

• A

• B

• C

​Why was the court case canceled?

​(A) The terms and conditions were OK.

​(B) They settled out of court.

​(C) In that case, why not?

Multiple Choice

• A

• B

• C

​How can we settle this issue?

​(A) I'm really not sure.

​(B) I already paid the bill.

​(C) It is distributed once a week.

Multiple Choice

• A

• B

• C

​Did they follow the terms and conditions?

​(A) It was in good condition.

​(B) Yes, they abided by the contract.

​(C) Only if they sign teh deal.

Multiple Choice

• A

• B

• C

​Should we acquire LC Tech or seek a merger?

​(A) Buying them would be the best option.

​(B) Yes, we should drop by.

​(C) Let's join them tonight.

Multiple Choice

• A

• B

• C

​Both parties agreed to the terms, didn't they?

​(A) Yes, the contract was just signed.

​(B) It was in good condition.

​(C) No, the end of the term is coming.

Multiple Choice

• A

• B

• C

​Please bring your warranty with you.

​(A) And the products as well?

​(B) He is ont available today.

​(C) It covers all losses and damages.

​READING TEST

​

Multiple Choice

The two parties finally reached a __________ settlement after both sides agreed to compromise.

• negotiator

• negotiation

• negotiated

• negotiate

Multiple Choice

As long as everyone __________ the terms and conditions of the contract, there is no need to seek legal advice.

• abides by

• abide by

• abiding by

• will abide by

Multiple Choice

Both parties want the contract __________ before they begin any work on teh contsructino of the new factory.

• sign

• signing

• be signed

• signed

Multiple Choice

If we __________ the terms and condition stated in the agreement, there is no need to get lawyers involved.

• keep to

• keep on

• keep up

• keep from

Multiple Choice

They will comply with the regulations if they believe the law _________ fair and reasonable.

• be

• will be

• is 

• have been

Multiple Choice

By signing the agreement, both parties promise _________ the conditions of the contract.

• abiding by

• to abide by

• abided by

• abide by

Multiple Choice

I thought that the contract __________ last month. What happened?

• should have been signed 

• shall be signed

• should be signed

• might be signed

Multiple Choice

The contract negotiations __________ for this Wednesday have been postponed until next Monday.

• scheduled

• will schedule

• scheduling

• schedule

Multiple Choice

The ___________ shareholders could not believe their offer to acquire the company was blocked.

• shocked

• shock

• shocking

• shockingly

Multiple Choice

The lawyer called to say that the contract is ready but both parties have ___________ to sign it.

• never

• often

• yet

• still

Multiple Choice

The negotiations went extremely well; __________, both parties have indicated that they are considering a merger by the end of the year.

• moreover

• however

• on the whole

• nevertheless

Multiple Choice

These negotiations were definitely ___________ ones i have ever been involved in.

• the most difficult

• the difficult

• most difficult

• the most difficulty

Multiple Choice

Contracts for the buying and selling of coal and natural gas __________ frequently.

• it is negotiated

• they are negotiated

• is negotiated

• are negotiated

Multiple Choice

If we don't hear back from the firm __________ a week, ask our lawyer to write them a letter.

• within

• during

• on

• until

Multiple Choice

Party A did not follow the terms and condition of the agreement __________ they were clearly stated in the contract.

• because of

• even though

• despite

• or