TOEIC 600 essential vocabulary - Contracts and Marketing

What does it mean to "abide by" the terms of a contract?

• Establish
• Cancel
• Determine
• Comply with

An __________ is a formal written agreement between two or more parties.

• Assure
• Assurance
• Agreement
• Agreeable

A promise or guarantee, especially in writing, is known as an __________.

• Obligation
• Party
• Assurance
• Provision

__________ refers to the act of ending a contract before its completion.

• Cancel
• Determine
• Resolve
• Engagement

To __________ a contract means to decide or conclude something officially.

• Establish
• Provide
• Engage
• Specify

When you __________ yourself to a contract, you commit to fulfilling its terms.

• Agree
• Obligate
• Assure
• Resolve

A __________ in a contract refers to a person or entity involved in the agreement.

• Party
• Provision
• Specific
• Establishment

A __________ is a condition or stipulation included in a contract.

• Assurance
• Provision
• Establish
• Determine

To __________ a problem in a contract means to find a solution to it.

• Obligate
• Resolve
• Engage
• Specify

It is important to __________ the terms of a contract clearly to avoid misunderstandings.

• Provide
• Assure
• Specify
• Agreeable