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Worksheets

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Total questions: 82

Worksheet time: 1hrs 22mins

Name
Class
Date
1.

Sole trader

(a)  

2.

General partnership

(a)  

3.

A Limited Liability Partnership (LLP)

(a)  

4.

  • Public Company



(a)  

5.

  • Private Company



(a)  

6.

  • Register/Run a company



(a)  

7.

  • Submit/Reject an application



(a)  

8.

Impose restrictions

(a)  

9.

  • View/ Inspect the register of companies



(a)  

10.

  • Issue



(a)  

11.

 hold shares

(a)  

12.

  • Raise



(a)  

13.

  • contribute capital



(a)  

14.

  • Draw up a contract/ a partnership agreement



(a)  

15.

  • Incur debts/ costs



(a)  

16.

  • Obtain a certificate of incorporation



(a)  

17.

  • Conduct business



(a)  

18.

In the U.K. any member of the public is allowed to (a)   at Companies House to get information about a particular company.

19.

A plc can extend its equity base by (a)  


20.

Under normal circumstances a company should not commence trading until it has

(a)  

21.

A sole trader does not need to register his or her activities in order to (a)  


22.

The Companies House can (a)   for registration if the proposed name of the company is too similar to a name that already exists. 


23.

The law does not require partners in general partnership to (a)   but most solicitors would recommend this.

24.

When a company tries to (a)   , the bank often insists on securing any loan against the personal assets of the company’s owners

25.

In a general partnership, the partners bear personal liability for any debts which the partnership might (a)   .

26.

The Employee shall not make known to any third party any information in respect of patents, know-how, trade secrets or other confidential matters which relate to the Company or its clients or its suppliers or its co-operation partners. The originals of any documents relating to such information are to be surrendered to the Company immediately upon termination of employment.




(a)  

27.

For the duration of this contract of employment and for a period of two years thereafter the Employee undertakes not to be employed in any way either by firms which compete with the Company or conduct similar business to that of the Company or by firms which are connected to or associated with such firms without the consent of the Company.




(a)  

28.

The Employee’s service with the Company commences on April 1st 20... and continues for an unlimited period of time, but until no later than the statutory retirement age.




(a)  

29.

Should the Employee be unable to work on account of certificated illness, full pay will continue according to the length of service scales set forth in the attached Staff Handbook. Irrespective of the length of service, there is a minimum full pay entitlement of 30 days.




(a)  

30.

 The Employee is entitled to 30 days’ paid leave in the calendar year plus public holidays. In arranging the dates of this leave, the Employee shall give proper consideration to the needs of the Company




(a)  

31.

The Employee shall, as External Project Coordinator, manage the Company’s projects with external partners in the field of telecommunications software development.




(a)  

32.

      The construction, validity and performance of this contract shall be governed in all respects by English law




(a)  

33.

     The invalidity or unenforceability of individual provisions does not affect the validity or enforceability of the contract as a whole. In lieu of any such inoperative provisions, agreement shall be reached by the parties on replacement provisions which approximate as closely as possible to the stated commercial intentions of the parties




(a)  

34.

Surrender =

(a)  

35.

Duration =

(a)  

36.

Undertake =




(a)  

37.

Consent =




(a)  

38.

Commence =




(a)  

39.

Leave =




(a)  

40.

Be entitled =

(a)  

41.

Provisions =




(a)  

42.

In lieu of =




(a)  

43.

Inoperative =

(a)  

44.

Failure on the part of SELLER to meet the terms of delivery shall entitle PURCHASER to invoke the following penalty clause terms: for every week or part thereof by which the delivery date is exceeded. PURCHASER may reduce the agreed price for the order by 1%. The rights of PURCHASER under 8.1 shall remain unaffected




(a)  

45.

PURCHASER undertakes to purchase during the first 24 months following signature of this agreement the number of items specified in Annex 2 . The minimum amount ordered each calendar month shall be according to the details set out therein

(a)  

46.

The price charged for the goods shall be in accordance with the price list set out in Annex 2. The stated price shall be binding on both the seller and the purchaser for the duration of this agreement.




(a)  

47.

This agreement shall be for a period of two years from the date of signature subject to provisions for termination in 8.1 and 8.2 below 

The agreement shall be renewed automatically for a further period of one calendar year unless either SELLER or PURCHASER terminates in accordance with the provisions contained in 8.2 below




(a)  

48.

Should SELLER: (i) fail to provide satisfactory performance of this agreement or (ii) fail to fulfil any of its obligations hereunder or (iii)become bankrupt or have a winding up petition made against it or have a liquidator or administrator appointed PURCHASER shall be entitled to terminate the agreement by giving 21 days’ written notice to SELLER 

In all other cases, notice to terminate must be made in writing by  either SELLER or PURCHASER no later than 90 days in advance of the expiry date as defined in 5.1 above




(a)  

49.

SELLER warrants that the goods will comply with the specifications as set out in Annex 1 and will be free of defects (other than those caused by incorrect usage or operation by PURCHASER) for a period of three years after delivery 

Pursuant to the above warranty SELLER guarantees that after receipt of written notice from PURCHASER it will promptly repair or replace at PURCHASER’s option and to PURCHASER’s entire satisfaction any defective goods at no additional cost to PURCHASER




(a)  

50.

SELLER warrants that the GOODS are free from the rights of third parties SELLER shall indemnify PURCHASER on demand against any claims made by third parties in this regard




(a)  

51.

This agreement shall be governed by the laws of England and Wales .

The parties irrevocably submit to the exclusive jurisdiction of English courts for the determination of disputes arising under this contract




(a)  

52.

person appointed by the court to manage the affairs of a bankrupt company




(a)  

53.

with to be in accordance with

(a)  

54.

conditions (in an agreement)

(a)  

55.

to make use of or apply a clause in a contract 




(a)  

56.

formal request to have a company closed down

(a)  

57.

  a guarantee issued to the purchaser of an article promising repair or replacement in case of defects 




(a)  

58.

to hold a person safe or secure against a risk 




(a)  

59.

to go beyond a set limit (quantity of time)

(a)  

60.

imposing an obligation which one must fulfill 




(a)  

61.

to state or describe something in writing

(a)  

62.

Any (a)   items must be replaced within five working days to the full satisfaction of the purchaser. 


63.

The insolvency of the supplier entitles the purchaser to (a)   this agreement with immediate effect.

64.

The prices hereby agreed shall be (a)   on both parties for a period of 24 months.

65.

The goods must be manufactured according to the (a)   set out in Annex 2.

66.

The (a)   of delivery state that the supplier remains liable for the goods until they have been unloaded at the specified delivery point and signed for by the purchaser. 


67.

Your failure to (a)   this completion date entitles my client to impose the following penalties 


68.

To (a)   the termination clause because some of the goods delivered were not of the required standard would be seen as unreasonable


69.

The agreement will (a)   exactly twelve months following its date of signature


70.

invalid

(a)  

71.

unlawful

(a)  

72.

unenforceable

(a)  

73.

dissatisfied

(a)  

74.

irreconcilable

(a)  

75.

ineffected

(a)  

76.

unforeseeable

(a)  

77.

impartial

(a)  

78.

unconfirmed

(a)  

79.

incorrect

(a)  

80.

incomplete

(a)  

81.

unreasonable

(a)  

82.

unsatisfactory

(a)