Key terms: Fields, institutions and concepts in
commercial law
commercial law
3 Look at the areas of activity in commercial law mentioned in the first paragraph
of the text above and answer these questions. Use the glossary if necessary.
1 Which field deals with the legal rights associated with products of the mind,
such as patents, copyrights and trademarks?
2 Which field involves the laws and regulations governing market behaviour,
particularly agreements and practices that restrict free enterprise?
3 Which institution deals with the supply of credit information about business
organisations to other businesses and financial institutions?
4 Which field is concerned with the legal relationships between the shipper (or
owner) of goods, the carrier, and the receiver/consignee of goods?
5 Which field focuses on the laws regulating money paid to the government in
connection with commercial transactions?
4 Choose the correct word or phrase to complete these definitions.
1 ‘Agency’ is the term for the relationship of a person who acts in addition to /
on behalf of / on account of another person, known as the principal.
2 Bankruptcy is when someone cannot pay what they owe / own / won, and all
their property is surrendered to a court-appointed person who liquidates the
property to pay the claims of creditors / owners / debtors.
3 A secured transaction is a loan or credit translation / transaction /
termination in which the lender / loaner / debtor acquires a security interest
in certain property owned by the borrower and has the right to repossess the
property if the borrower cannot pay.
4 Negotiable instruments are documents which represent a right of charge /
payment / credit for a specified sum of money on demand or at a defined time.
of the text above and answer these questions. Use the glossary if necessary.
1 Which field deals with the legal rights associated with products of the mind,
such as patents, copyrights and trademarks?
2 Which field involves the laws and regulations governing market behaviour,
particularly agreements and practices that restrict free enterprise?
3 Which institution deals with the supply of credit information about business
organisations to other businesses and financial institutions?
4 Which field is concerned with the legal relationships between the shipper (or
owner) of goods, the carrier, and the receiver/consignee of goods?
5 Which field focuses on the laws regulating money paid to the government in
connection with commercial transactions?
4 Choose the correct word or phrase to complete these definitions.
1 ‘Agency’ is the term for the relationship of a person who acts in addition to /
on behalf of / on account of another person, known as the principal.
2 Bankruptcy is when someone cannot pay what they owe / own / won, and all
their property is surrendered to a court-appointed person who liquidates the
property to pay the claims of creditors / owners / debtors.
3 A secured transaction is a loan or credit translation / transaction /
termination in which the lender / loaner / debtor acquires a security interest
in certain property owned by the borrower and has the right to repossess the
property if the borrower cannot pay.
4 Negotiable instruments are documents which represent a right of charge /
payment / credit for a specified sum of money on demand or at a defined time.
0 comments:
Post a Comment