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Giai thich -Business Law - Essential words

Total questions: 175

Worksheet time: 1hrs 28mins

Name
Class
Date
1.

Money claimed by someone as compensation for harm done.

a)

commit

b)

judicial

c)

innocent

d)

damages

2.

To send someone to prison or to a court.

a)

arrest

b)

convict

c)

commit

d)

breach

3.

An adjective referring to a judge or to the law.

a)

judicial

b)

innocent

c)

offence

d)

dispute

4.

Not guilty of a crime.

a)

offence

b)

claimant

c)

innocent

d)

injunction

5.

Any act which is not legal.

a)

innocent

b)

offence

c)

settlement

d)

defense

6.

A person who has studied law and can act for people on legal business.

a)

judge

b)

prosecutor

c)

juror

d)

lawyer

7.

A disagreement or argument between parties.

a)

dispute

b)

prosecution

c)

bind

d)

conviction

8.

A specialist court outside the judicial system which examines special problems.

a)

damages

b)

tribunal

c)

settlement

d)

defense

9.

A set of arguments or facts put forward by one side in a legal proceeding.

a)

hearing

b)

prosecute

c)

case

d)

contract

10.

An official who presides over a court.

a)

lawyer

b)

judge

c)

prosecutor

d)

jury

11.

To make an allegation in legal proceedings.

a)

dispute

b)

plead

c)

settle

d)

convict

12.

Someone who is accused of a crime in a criminal case.

a)

plaintiff

b)

prosecute

c)

contract

d)

defendant

13.

A person who makes a claim against someone in a civil court.

a)

defendant

b)

settler

c)

claimant

d)

juror

14.

An agreement reached after an argument.

a)

commitment

b)

innocent

c)

settlement

d)

contract

15.

To hold someone legally so as to charge them with a crime.

a)

waive

b)

arrest

c)

appeal

d)

accuse

16.

A case which is being heard by a committee, tribunal or court of law.

a)

hearing

b)

prosecuting

c)

binding

d)

fining

17.

To find that someone is guilty of a crime.

a)

plead

b)

convict

c)

breach

d)

appeal

18.

Failure to carry out the terms of an agreement.

a)

dispute

b)

breach

c)

evidence

d)

injunction

19.

To bring someone to court to answer a criminal charge.

a)

dispute

b)

plead

c)

arrest

d)

prosecute

20.

To ask a high law court to change its decision or sentence.

a)

breach

b)

prosecute

c)

appeal

d)

accuse

21.

To say that someone has committed a crime.

a)

plead

b)

convict

c)

appeal

d)

accuse

22.

Having the legal ability to force someone to do something.

a)

binding

b)

disputing

c)

binding

d)

breaching

23.

An adjective referring to the rights and duties of private persons or organizations.

a)

property

b)

commercial

c)

civil

d)

criminal

24.

The arguments used when fighting a case.

a)

testimony

b)

prosecution

c)

evidence

d)

defense

25.

A legal agreement between two or more parties.

a)

settlement

b)

negotiation

c)

contract

d)

minute

26.

An adjective referring to crime.

a)

criminal

b)

impartial

c)

unbiased

d)

accountable

27.

A group of 12 citizens who decide whether or not someone is guilty in a trial.

a)

lawyer

b)

judge

c)

prosecutor

d)

jury

28.

A written or spoken statement of facts which helps to prove or disprove something at a trial.

a)

damages

b)

evidences

c)

witnesses

d)

injunctions

29.

To order someone to pay money as a punishment.

a)

fine

b)

fire

c)

sack

d)

dismiss

30.

A court order telling someone to stop doing something, or not to do something.

a)

settlement

b)

prosecute

c)

evidence

d)

injunction

31.

responsible for what had happened

a)

valid

b)

impartial

c)

accountable

d)

intangible

32.

being acceptable because it is true or relevant

a)

pecuniary

b)

unprecedented

c)

void

d)

valid

33.

not biased or prejudiced

a)

gross

b)

impartial

c)

deductible

d)

insolvent

34.

difficult to value as it does not exist physically

a)

intangible

b)

insolvent

c)

fiduciary

d)

admissible

35.

financial

a)

admissible

b)

pecuniary

c)

unanimous

d)

eligible

36.

not having happened before

a)

fiduciary

b)

admissible

c)

unprecedented

d)

unanimous

37.

not having any legal effect

a)

valid

b)

impartial

c)

intangible

d)

void

38.

referring to evidence which a court will allow to be used

a)

deductible

b)

admissible

c)

insolvent

d)

fiduciary

39.

where everyone votes in the same way

a)

unanimous

b)

irreconcilable

c)

gross

d)

deductible

40.

able or allowed to do something

a)

pecuniary

b)

eligible

c)

unprecedented

d)

void

41.

very strong, so that it is not possible for two sides to reach an agreement

a)

admissible

b)

unanimous

c)

irreconcilable

d)

eligible

42.

serious

a)

valid

b)

gross

c)

impartial

d)

intangible

43.

able to be removed

a)

admissible

b)

unanimous

c)

deductible

d)

eligible

44.

not able to pay debts

a)

unprecedented

b)

void

c)

admissible

d)

insolvent

45.

acting as trustee for someone else, or being in a position of trust

a)

fiduciary

b)

accountable

c)

valid

d)

impartial

46.

referring to jobs and work

a)

mandatory

b)

exempt

c)

occupational

d)

negotiable

47.

obligatory or necessary according to the law or rules

a)

corporate

b)

open-ended

c)

litigious

d)

mandatory

48.

not required to pay, or not covered by law

a)

exempt

b)

negotiable

c)

verbatim

d)

unconditional

49.

able to be changed by discussion

a)

material

b)

nominal

c)

corporate

d)

negotiable

50.

50. in the exact words a. unconditional b. fraudulent c. verbatim d. feasible

a)

unconditional

b)

fraudulent

c)

verbatim

d)

feasible

51.

51. with no conditions attached a. fraudulent b. unconditional c. feasible d. redundant

a)

fraudulent

b)

unconditional

c)

feasible

d)

redundant

52.

52. not honest, aiming to deceive people for financial gain a. feasible b. redundant c. fraudulent d. habitual

a)

feasible

b)

redundant

c)

fraudulent

d)

habitual

53.

53. possible or practical a. habitual b. solvent c. material d. feasible

a)

habitual

b)

solvent

c)

material

d)

feasible

54.

54. no longer needed or valid a. redundant b. occupational c. mandatory d. exempt

a)

redundant

b)

occupational

c)

mandatory

d)

exempt

55.

55. doing something repeatedly a. negotiable b. verbatim c. habitual d. unconditional

a)

negotiable

b)

verbatim

c)

habitual

d)

unconditional

56.

56. having enough money to pay debts a. material b. solvent c. nominal d. corporate

a)

material

b)

solvent

c)

nominal

d)

corporate

57.

57. important or relevant a. mandatory b. exempt c. negotiable d. material

a)

mandatory

b)

exempt

c)

negotiable

d)

material

58.

58. a very small amount a. litigious b. nominal c. occupational d. mandatory

a)

litigious

b)

nominal

c)

occupational

d)

mandatory

59.

59. referring to a company a. corporate b. fraudulent c. feasible d. redundant

a)

corporate

b)

fraudulent

c)

feasible

d)

redundant

60.

60. with no fixed period, or with some items not specified a. litigious b. occupational c. mandatory d. open-ended

a)

litigious

b)

occupational

c)

mandatory

d)

open-ended

61.

61. very willing to bring a lawsuit against someone to settle a disagreement a. negotiable b. verbatim c. litigious d. unconditional

a)

negotiable

b)

verbatim

c)

litigious

d)

unconditional

62.

62. to pay for loss or damage suffered. a. indemnify b. undertake c. adjudicate d. liquidate

a)

indemnify

b)

undertake

c)

adjudicate

d)

liquidate

63.

63. to promise to do something. a. compensate b. undertake c. adjudicate d. liquidate

a)

compensate

b)

undertake

c)

adjudicate

d)

liquidate

64.

64. to give a judgement between two parties. a. elapse b. disclose c. invalidate d. adjudicate

a)

elapse

b)

disclose

c)

invalidate

d)

adjudicate

65.

65. to sell assets or stock to raise cash. a. entitled b. mediate c. liquidate d. drafted

a)

entitled

b)

mediate

c)

liquidate

d)

drafted

66.

66. to have or give someone the right to do something. a. liquidate b. entitled c. invalidate d. grant

a)

liquidate

b)

entitled

c)

invalidate

d)

grant

67.

67. to try to make two sides in an argument come to an agreement. a. adjudicate b. mediate c. elapse d. grant

a)

adjudicate

b)

mediate

c)

elapse

d)

grant

68.

68. to make a first rough plan of a document such as a contract. a. undertake b. draft c. appoint d. ban

a)

undertake

b)

draft

c)

appoint

d)

ban

69.

69. to choose someone for a job. a. entitle b. draft c. appoint d. disclose

a)

entitle

b)

draft

c)

appoint

d)

disclose

70.

70. of time: to pass a. undertake b. adjudicate c. elapse d. defraud

a)

undertake

b)

adjudicate

c)

elapse

d)

defraud

71.

71. to trick someone so as to obtain money or goods illegally. a. draft b. appoint c. elapse d. defraud

a)

draft

b)

appoint

c)

elapse

d)

defraud

72.

72. to tell details. a. draft b. appoint c. disclose d. defraud

a)

draft

b)

appoint

c)

disclose

d)

defraud

73.

73. to forbid something, or make it illegal. a. ban b. elapse c. defraud d. disclose

a)

ban

b)

elapse

c)

defraud

d)

disclose

74.

74. to make something no longer valid. a. defraud b. invalidate c. disclose d. ban

a)

defraud

b)

invalidate

c)

disclose

d)

ban

75.

75. to say that something is not necessary. a. draft b. appoint c. elapse d. waive

a)

draft

b)

appoint

c)

elapse

d)

waive

76.

76. to agree to give someone something, or to allow someone to do something. a. ban b. invalidate c. waive d. grant

a)

ban

b)

invalidate

c)

waive

d)

grant

77.

77. to approve officially something that has already been decided. a. infringe b. certify c. vest d. ratify

a)

infringe

b)

certify

c)

vest

d)

ratify

78.

78. to put goods, people or a company on a list of those that you will not deal with. a. exempt b. wind up c. blacklist d. allege

a)

exempt

b)

wind up

c)

blacklist

d)

allege

79.

79. to fail to carry out the terms of a contract, especially to fail to pay back a debt. a. default b. infringe c. exempt d. allege

a)

default

b)

infringe

c)

exempt

d)

allege

80.

80. to take possession of a property because the owner cannot repay money he / she has borrowed using the property as security. a. ratify b. blacklist c. foreclose d. dispute

a)

ratify

b)

blacklist

c)

foreclose

d)

dispute

81.

81. to argue against something; to say that something is not correct. a. claim b. dispute c. infringe d. wind up

a)

claim

b)

dispute

c)

infringe

d)

wind up

82.

82. to decide the amount of money to be given to someone. a. ratify b. blacklist c. award d. wind up

a)

ratify

b)

blacklist

c)

award

d)

wind up

83.

83. to agree with a company that they will do all or part of the work for a project. a. subcontract b. infringe c. certify d. exempt

a)

subcontract

b)

infringe

c)

certify

d)

exempt

84.

84. to make a product in the same way as another product which has been patented, and not pay royalties. a. ratify b. blacklist c. infringe d. foreclose

a)

ratify

b)

blacklist

c)

infringe

d)

foreclose

85.

85. to make an official declaration in writing. a. award b. subcontract c. infringe d. certify

a)

award

b)

subcontract

c)

infringe

d)

certify

86.

86. to free someone from having to pay tax. a. infringe b. certify c. exempt d. wind in

a)

infringe

b)

certify

c)

exempt

d)

wind in

87.

87. to put a company into liquidation. a. blacklist b. award c. wind up d. vest

a)

blacklist

b)

award

c)

wind up

d)

vest

88.

to state, usually in giving evidence, that something has happened or is true.

a)

blacklist

b)

foreclose

c)

allege

d)

infringe

89.

to accept a rule or follow a custom.

a)

abide by

b)

foreclose

c)

subcontract

d)

exempt

90.

to transfer to someone the legal ownership and possession of land or a right.

a)

ratify

b)

certify

c)

allege

d)

vest

91.

to ask for money.

a)

dispute

b)

infringe

c)

claim

d)

strike

92.

to ask for or try to do something.

a)

ratify

b)

infringe

c)

seek

d)

allege

93.

to stop working because there is no agreement with management.

a)

blacklist

b)

dispute

c)

allege

d)

strike

94.

to allow someone to use a building in return for money.

a)

claim

b)

seek

c)

strike

d)

let

95.

When pieces of broken glass were found in some of its food products, the company was held ............ .

a)

eligible

b)

accountable

c)

valid

d)

intangible

96.

When he was asked to explain his actions, he had no ............ explanations.

a)

valid

b)

admissible

c)

fiduciary

d)

unprecedented

97.

The sacked workers claimed unfair dismissal, and demanded a fair and ............ hearing.

a)

irreconcilable

b)

unanimous

c)

gross

d)

impartial

98.

Goodwill is one of a company's ............ assets, and as such it cannot be declared as part of the company's capital.

a)

deductible

b)

intangible

c)

insolvent

d)

pecuniary

99.

He was accused of trying to obtain a ............ advantage by getting involved in insider dealing.

a)

pecuniary

b)

irreconcilable

c)

unanimous

d)

gross

100.

At the trial, the judge took the ............ step of asking the claimant to remove his shirt. (not having happened before)

a)

accountable

b)

void

c)

unprecedented

d)

impartial

101.

The company solicitor examined the contract very carefully, and eventually declared it ............ .

a)

intangible

b)

void

c)

irreconcilable

d)

deductible

102.

The documents produced were not considered relevant to the case and were therefore not ............ .

a)

fiduciary

b)

deductible

c)

admissible

d)

pecuniary

103.

The magazine was acquitted of libel when the jury returned a ............ verdict of 'not guilty'.

a)

unanimous

b)

eligible

c)

intangible

d)

impartial

104.

All shareholders are ............ to vote at the Annual General Meeting. (able or allowed to do something)

a)

admissible

b)

accountable

c)

deductible

d)

eligible

105.

The judge accepted that Mr. Johnson could not go back to work in the same company because of ............ differences of opinion between him and the Directors.

a)

accountable

b)

irreconcilable

c)

unprecedented

d)

unanimous

106.

The rail company was accused of ............ negligence by failing to ensure passengers' safety. (serious)

a)

gross

b)

valid

c)

fiduciary

d)

pecuniary

107.

Interest charges are tax ............ so we haven't made as much as we had hoped. (able to be removed)

a)

admissible

b)

unprecedented

c)

deductible

d)

intangible

108.

After a terrible year, during which it lost almost £8 million, the company was declared ............ . (not able to pay debts)

a)

eligible

b)

accountable

c)

deductible

d)

insolvent

109.

A company director has a ............ duty to the company he works for and the people who work there.

a)

admissible

b)

fiduciary

c)

deductible

d)

impartial

110.

Because of the recent phenomenon of the 'compensation culture', claims for .............. accidents have almost doubled in the last ten years.

a)

occupational

b)

corporate

c)

open-ended

d)

litigious

111.

So many complaints about the company's behavior were reported that a .............. injunction was imposed ordering them to cease trading

a)

negotiable

b)

feasible

c)

solvent

d)

mandatory

112.

Some special savings accounts are popular with small businesses because the interest paid is .............. from tax. (not required to pay, or not covered by law)

a)

verbatim

b)

exempt

c)

fraudulent

d)

redundant

113.

The terms of the contract are .............. up to the moment it is signed.

a)

negotiable

b)

occupational

c)

unconditional

d)

habitual

114.

The claimant produced a .............. transcript of the conversation he had had with the defendant.

a)

solvent

b)

nominal

c)

litigious

d)

verbatim

115.

On the claimant's application for summary judgement, the defendant was given .............. leave to defend himself.

a)

negotiable

b)

material

c)

unconditional

d)

open-ended

116.

The company was accused of making a .............. insurance claim by exaggerating the value of the goods it had lost.

a)

fraudulent

b)

redundant

c)

material

d)

corporate

117.

Technically we can sue the company for breach of contract, although this is not really a .............. option.

a)

mandatory

b)

feasible

c)

verbatim

d)

nominal

118.

New legislation has made Clause 6b of the contract .............. .

a)

redundant

b)

occupational

c)

mandatory

d)

negotiable

119.

.............. breaches of safety regulations are being investigated by the Health and Safety Officer.

a)

Mandatory

b)

Exempt

c)

Feasible

d)

Habitual

120.

When he bought the company, it was barely .............. but he turned it into one of the most successful organizations in the country.

a)

verbatim

b)

fraudulent

c)

solvent

d)

nominal

121.

The lawsuit against the organization was dropped because there was not enough .............. .............. evidence.

a)

material

b)

verbatim

c)

nominal

d)

litigious

122.

We were expecting to receive a big fine, but in the event we were ordered to pay only .............. damages.

a)

mandatory

b)

verbatim

c)

nominal

d)

solvent

123.

The issues of .............. responsibility at local, national and international levels have been receiving a lot of coverage in the press.

a)

exempt

b)

corporate

c)

feasible

d)

redundant

124.

The contract is .............. although there is an initial probationary period.

a)

occupational

b)

open-ended

c)

feasible

d)

solvent

125.

Be careful what you say: some companies are extremely .............. .

a)

verbatim

b)

fraudulent

c)

litigious

d)

redundant

126.

A person who is appointed to deal with financial or other matters on behalf of another person.

a)

nominee

b)

tortfeasor

c)

ombudsman

d)

guarantor

127.

A license to trade using a brand name and paying a royalty for it.

a)

franchise

b)

breach

c)

liquidation

d)

goodwill

128.

An official who investigates complaints by the public against government departments or other large organizations (especially banks, travel companies, and electricity, gas, water and telecommunications providers).

a)

franchise

b)

ombudsman

c)

guarantor

d)

tortfeasor

129.

Somebody who gives a guarantee.

a)

franchise

b)

ombudsman

c)

guarantor

d)

tortfeasor

130.

A failure to carry out the terms of an agreement, a contract, etc.

a)

acceptance

b)

perjury

c)

compensation

d)

breach

131.

One of the main conditions of a contract, where one party agrees to what is proposed by the other party. Also the act of signing a bill of exchange to show that you agree to pay for it.

a)

compensation

b)

acceptance

c)

mediation

d)

debenture

132.

The notifiable offence of telling lies when you have made an oath to say what is true in court.

a)

breach

b)

compensation

c)

perjury

d)

acceptance

133.

Somebody who has committed a civil wrong to somebody, entitling the victim to claim damages.

a)

franchisee

b)

ombudsman

c)

guarantor

d)

tortfeasor

134.

A payment made by a person or company to cover the cost of damage or hardship which he / she / it has caused.

a)

damages

b)

liability

c)

compensation

d)

negligence

135.

An attempt by a third party to make the two sides in an argument agree.

a)

acceptance

b)

mediation

c)

debenture

d)

liquidation

136.

A document in which a company acknowledges it owes a debt and gives the company's assets as security.

a)

debenture

b)

liquidation

c)

damages

d)

liability

137.

The closing of a company and the selling of its assets.

a)

acceptance

b)

mediation

c)

debenture

d)

liquidation

138.

Money claimed by a claimant from a defendant because of harm or damage done, or money awarded by a court to a claimant as a result of harm suffered by the claimant (Clue: this word has already appeared elsewhere in this exercise).

a)

liquidation

b)

damages

c)

liability

d)

compensation

139.

The legal responsibility for paying someone for loss or damage incurred.

a)

damages

b)

liability

c)

compensation

d)

negligence

140.

A failure to give proper care to something, especially a duty or responsibility, with the result that a person or property is harmed.

a)

compensation

b)

negligence

c)

goodwill

d)

injunction

141.

The good reputation of a business and its contacts with its customers (for example, the name of the product it sells or its popular appeal to customers).

a)

franchise

b)

negligence

c)

goodwill

d)

injunction

142.

A court order telling a person or a company to stop doing something, or telling them not to do it in the first place.

a)

goodwill

b)

injunction

c)

debenture

d)

liquidation

143.

The airline will ........... passengers for lost luggage to the value of £500.

a)

indemnify

b)

undertakes

c)

adjudicate

d)

liquidate

144.

The company ........... to provide quality service at a competitive cost.

a)

compensates

b)

undertakes

c)

adjudicates

d)

liquidates

145.

The tribunal will ........... the claim and award damages where necessary.

a)

elapse

b)

disclose

c)

invalidated

d)

adjudicate

146.

In order to raise enough money for its new venture, the company decided to ........... some of its assets.

a)

entitled

b)

mediate

c)

liquidate

d)

drafted

147.

All of our employees are ........... to four weeks' holiday a year.

a)

liquidated

b)

entitled

c)

invalidated

d)

granted

148.

A neutral party was called in to ........... between the manager and his staff.

a)

adjudicate

b)

mediate

c)

elapse

d)

grant

149.

The contract is still being ..........., but we expect it to be ready for signing early next week.

a)

undertook

b)

drafted

c)

appointed

d)

banned

150.

A lot of people were unhappy when he was ........... to the post of Managing Director.

a)

entitled

b)

drafted

c)

appointed

d)

disclosed

151.

We must allow sufficient time to ........... before we make a claim.

a)

undertake

b)

adjudicate

c)

elapse

d)

defraud

152.

The company has been accused of trying to ........... customers

a)

draft

b)

appoint

c)

elapse

d)

defraud

153.

The paper has no right to ........... the details of our agreement.

a)

drafted

b)

appointed

c)

disclose

d)

defraud

154.

A court injunction has ........... the company from trading in the area.

a)

banned

b)

elapsed

c)

defrauded

d)

disclose

155.

Because a new company has taken over, the contract has been ........... .

a)

defrauded

b)

invalidated

c)

disclosed

d)

banned

156.

In view of the inconvenience we have caused, we are willing to ........... all payments due.

a)

draft

b)

appoint

c)

elapse

d)

waive

157.

The local authority ........... the company an interest-free loan to start up the new factory.

a)

banned

b)

invalidated

c)

waived

d)

granted

158.

The plan has to be ........... by the board before it can be put into operation.

a)

infringed

b)

certified

c)

vested

d)

ratified

159.

After he was accused of insider dealing, his firm was ........... by the government.

a)

exempted

b)

wound up

c)

blacklisted

d)

alleged

160.

Penalties will be applied if you ........... on your repayments.

a)

default

b)

infringe

c)

exempt

d)

allege

161.

When the company was unable to repay the loan, the bank ........... on its premises.

a)

ratified

b)

blacklisted

c)

foreclosed

d)

disputed

162.

The case might last longer than we expected, because the defendant is ........... the claim.

a)

claiming

b)

disputing

c)

infringed

d)

winding out

163.

The judge ................. compensatory damages to the claimant.

a)

ratified

b)

blacklisted

c)

awarded

d)

wound up

164.

The company assured us it would do all the work itself, but it ........... part of the job to a local firm.

a)

subcontracted

b)

infringed

c)

certified

d)

exempted

165.

The court was unable to decide whether the patent had been ........... .

a)

ratified

b)

blacklisted

c)

infringed

d)

foreclosed

166.

The document has been ........... as a true copy.

a)

awarded

b)

subcontracted

c)

infringed

d)

certified

167.

Non-profit organizations will be ........... from tax.

a)

infringed

b)

certified

c)

exempted

d)

wound up

168.

The court ordered the company to be ........... .

a)

blacklisted

b)

awarded

c)

wound up

d)

vested

169.

The claimant ........... that the article was an infringement of his copyright.

a)

blacklisted

b)

foreclosed

c)

alleged

d)

infringed

170.

The company did not ........... the terms of the agreement.

a)

abide by

b)

foreclose

c)

subcontract

d)

exempt

171.

On liquidation, the firm's property was ........... in the bank.

a)

ratified

b)

certified

c)

alleged

d)

vested

172.

We are ........... £5,000 as compensation from our suppliers.

a)

disputing

b)

infringing

c)

claiming

d)

striking

173.

Mr. and Mrs. Douglas' solicitor advised them to ........... an injunction against the magazine in the High Court.

a)

ratify

b)

infringe

c)

seek

d)

allege

174.

Workers are allowed to ........... in protest against bad working conditions.

a)

blacklisted

b)

dispute

c)

allege

d)

strike

175.

The company owns several apartments, which it ........... to private tenants.

a)

claims

b)

seeks

c)

strikes

d)

lets