Vocabulary Lesson 1: Contract

What does "abide by" most nearly mean?

• Cancel an agreement

• Make a decision

• Follow or comply with

• Establish a new rule

The two companies signed an ________ to form a joint venture.

• Assurance

• Engagement

• Agreement

• Provision

The company gave an ________ that the product would be delivered on time.

• Agreement

• Assurance

• Obligation

• Cancellation

Due to unforeseen issues, the event faced a sudden ________.

• Engagement

• Cancellation

• Determination

• Establishment

The manager will ________ the budget for the next quarter.

• Engage

• Obligate

• Resolve

• Determine

The CEO wants to ________ stronger relationships with global partners.

• Establish

• Resolve

• Cancel

• Abide

He was ________ to complete the project by Friday.

• Engaged

• Obligated

• Determined

• Cancelled

She agreed to ________ in the new advertising campaign.

• Obligate

• Establish

• Engage

• Resolve

In a legal contract, each ________ has rights and responsibilities.

• Provision

• Party

• Term

• Agreement

There is a special ________ in the contract that allows early termination.

• Obligation

• Provision

• Engagement

• Determination