Week 6-ELS 311-Contract Clauses-Practice

What Contract Clause is the following information about?

"I have bought a car on contract and am liable to pay 10.000.000 dollars."

• Assignment Clause

• Consideration Clause

• Liquidated Damages Clause

• Payment of Costs Clause

Answer explanation

The given information about being liable to pay a specific amount indicates the presence of a Consideration Clause in the contract.

What Contract Clause is the following information about?

"I have signed a contract with my employer and the written contract says I have to work 40 hours a week. However, before signing the contract, we had orally agreed that I had to work 30 hours a week. My lawyer told me that I should act according to the agreement I signed and earlier promises and agreements would not be effective."

• Termination Clause

• Severability Clause

• Liquidated Damages Clause

• Entire Agreement Clause

Answer explanation

The correct contract clause is the Entire Agreement Clause. This clause states that the written contract supersedes any prior oral agreements or promises.

What Contract Clause is the following information about?

"I am the writer of a book and I made an agreement with a publisher. We signed a contract for publishing. The publisher required me not to sell my book to another publisher until the contract period ends."

• Assignment Clause

• Termination Clause

• Force Majeure Clause

• Confidentiality Clause

Answer explanation

The contract clause described in the passage is the Assignment Clause, which prohibits the writer from selling the book to another publisher until the contract period ends.

Type the word to complete statement below

"According to the _________ Clause in the agreement, Sabri has promised not to distribute schools' teaching and assessment materials in public on the Internet."

Answer explanation

According to the Confidentiality Clause, Sabri has promised not to distribute schools' teaching and assessment materials in public on the Internet.

What Contract Clause is the following information about?

"If a party breaches a provision/term under this agreement, the other terms and conditions are still effective."

• Consideration Clause

• Acceleration Clause

• Payment of Costs Clause

• Severability Clause

Answer explanation

The given information refers to the Severability Clause, which states that if a provision is breached, the other terms and conditions of the agreement remain valid.

Type the word to complete the statement below

"According to the ________ Clause, I have to pay all my debts before the due date if I fail to pay any part of my debts on time."

Answer explanation

According to the Acceleration Clause, I must pay all my debts before the due date if I fail to pay any part of my debts on time.

Which of the following is NOT an example of 'payment of costs'?

• Expenses for shipping of the product

• The price for the products listed in the contract

• Notary expenses

• Lawyering expenses

Answer explanation

The price for the products listed in the contract is not an example of 'payment of costs' because it refers to the price of the products, not additional expenses.

Type the missing words in the blank in the following statement

"The Seller promised to send the products within 20 days after the order was made. However, there was a big fire in the factory and all the products were destroyed. The Seller is not liable for the obligations because the ___________ gives the Seller the right to escape from his liabilities."

Answer explanation

The correct choice is 'Force Majeure' as it allows the Seller to escape liabilities due to unforeseen events like a big fire in the factory.

Which Contract Clause(s) is/are easy for you to remember? (You can choose more than one)

• Assignment Clause

• Entire Agreement Clause

• Termination Clause

• Severability Clause

• Acceleration Clause

Which word completes the following statement below?

"The tenant cannot _______ the right to use the flat to another person during the rental period."

• escape

• disclose

• annul

• assign

Answer explanation

This is an example of 'ASSIGNMENT CLAUSE' which prohibits (forbids) or permits (allows) a party to transfer right(s) under the contract