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Worksheets

IEBL Championship

Total questions: 26

Worksheet time: 16mins

Name
Class
Date
1.

The solicitor who did the _________ was negligent and didn't inform us that both the gas company and the water company had the right of access to our garden.

a)

conveyancing

b)

valuation

c)

audit

d)

draft

2.

The tax authorities have an anonymous telephone hotline so that if you think anyone is guilty of tax ______ you can report them.

a)

entitlement

b)

evasion

c)

exemption

d)

exclusion

3.

"When I failed to make the repayments to the bank I'm afraid they (a)   on my property. I am currently homeless as a result."

4.

He won his defamation case against the newspaper but was later put on trial for (a)   when evidence came to light that suggested that he had lied in court.

5.

He plans to _____ _____ part of the car sales business next year to develop it as a rental rather than a purchasing outlet.

(a)  

6.

He claimed that his copyright had been ______ after becoming aware of the production of many illegal copies of his book

a)

infringed

b)

glossed over

c)

voided

d)

neglected

7.

A business partnership agreement involves the partners entering into ______ liability for any business debts.

a)

joint and several

b)

joint

c)

joint account

d)

joint venture

8.

As a shareholder in the company he is allowed to vote at company meetings as specified in the ____________

a)

articles of association

b)

boilerplate clause

c)

heads of agreement

d)

exclusion clause

9.

I can ____ ____ the quality of the work they do, as we have subcontracted to them in the past.

(a)  

10.

I knew that the tyre company on Grange Street was doing badly but I heard today that it has gone into (a)  

11.

She decided that she would rather take the money as one single ____ sum rather than as a series of smaller payments.

a)

lump

b)

dim

12.

(noun) money produced by an investment

a)

interest

b)

yield

c)

withdrawal

13.

I'm sorry but the contract you have described to me has an illegal purpose and as such will be seen as _________ by a court.

a)

unenforceable

b)

void

c)

unprecedented

d)

invalid

14.

They were released from their business obligations under the contract after a _____ was agreed with a third company.

a)

novation

b)

motion

c)

hearing

d)

debenture

15.

We will be _______ payment until the work is completed to our satisfaction as laid out in the terms of the agreement.

a)

withholding

b)

forgoing

c)

blocking

d)

cancelling

16.

The court issued a _______ order, which stated that all future payments should not be made to the company but instead directly to its supplier.

a)

garnishee

b)

freezing

c)

withholding

d)

statute

17.

On an annual basis his share portfolio always (a)   a high level of return.

18.

The extraordinary general meeting called by shareholders in order to discuss the takeover bid had to be abandoned, as there was no ________

a)

quorum

b)

quantum

19.

So the unqualified ban on pets in your tenancy agreement is probably (a)   .

20.

As the company was unable to pay all the debts it owed, the financiers of the project sought to enforce their security under the (a)  

21.

A _______ clause is included in most commercial contracts to make sure that any clause that is legally unenforceable does not have the effect of voiding the entire agreement.

a)

severability

b)

boilerplate

c)

exclusion

d)

noncompetition

22.

In most legal systems around the world, the ____ ____ ____ is upon the claimant and not upon the defendant.

(a)  

23.

True or false: the amount of money that a person owes to a bank because they have been allowed to take more money out of their bank account than they had in it = offset

a)

true

b)

false

24.

My company are very keen to win the contract to build the new sports stadium and we will be submitting a very competitive (a)   before the 1 March deadline.

25.

The decisions taken at the meeting were recorded and the (a)   were signed by the chairperson.

26.

In order to get planning permission to build the new factory they had to give a (a)   to the government official in charge.