Assignment 6. Match the words with their definitions.

Date: 2015-10-07; view: 458.

Assignment 5. Fill in the gaps with the words and expressions from the text.

1) A general understanding of … … and … go hand in hand with good business … .

2) A contract is a legal agreement between two or more parties in which each has … and … .

3) A contract must have the following characteristics to be legal: mutual agreement, …, form, … and legal … … .

4) For an agreement to be mutual, there must be a clear, definite and serious offer and an … … .

5) The … may be cash, goods or a service, or it may even be a particular action.

6) The conditions agreed upon, when put into written form and signed by both … and landlord, make up the … .

7) The lease usually states the term of the … in months or years.

8) It may be desirable to have a … … with the option of renewing at the same rent. This is known as an … … … .

9) Other types give the landlord a … of business … instead of a rent. This is called a … … .

insurance, contract, acceptance, lease,

tenant, option, merchant, rent, landlord

1) The right, need or ability to choose between two or more alternative courses of action.

2) A person or organization having the right to hold certain land or buildings, usually under a lease.

3) The business of insuring lives and property against harm, damage or loss in return for the payment of a sum of money according to the degree of risk.

4) The right of a person or organization to hold certain land or buildings under a lease.

5) The act of accepting, taking what is offered or given.

6) A trader who buys and sells goods or commodities in large quantities, usually at his own cost.

7) The owner of a property who allows a tenant to use his land or house in return for payment of rent, usually as stated formally in the lease.

8) Money paid for the use of land considered as a factor of production.

9) An agreement in writing by which one person gives another the right to use property usually for a fixed number of years.

Assignment 7. Supply the sentences with the missing words.

lease, tenancy, insurance, competence,

agreement, owner, goods, do well, renew

1) I hoped that we might … our business partnership.

2) … about these decisions is extremely difficult.

3) These measures are believed to be a good … against disorder.

4) Such an unwieldy banking system is unable to deliver the … .

5) We didn't … in our business last two months.

6) The … had expired and would not be renewed.

7) He will be expected to show … in the methods of market survey.

8) The average American car … drives 10.000 miles per year.

9) Once they took up the … they couldn't be evicted.

Assignment 8. Use the modal verbs must, have to, should to complete the sentences below.

1) It is compulsory to obey the law. You … obey the law.

2) It is not a legal duty to report fraud. You … report fraud.

3) It is a moral obligation to report fraud. You … report fraud.

4) It is the prime duty of an auditor to respect a client's confidentiality. You … respect a client's confidentiality.

5) Auditors are advised to follow the code. You … follow the code.

6) Auditors are not allowed to be employed by a client. You … be employed by a client.

Assignment 9. Complete the following sentences by putting the verb in brackets into either the Present Perfect or Past Indefinite.

1) Last January the dollar (fall) to a new low of 1.45.

2) Since then it (be stable) pretty.

3) As you can see on this graph, I (plot) domestic and export sales.

4) Export sales (fluctuate) pretty widely.

5) We yet (see) the full effect of the declining dollar.

6) Last quarter we (see) one of the best results.

7) We already (notice) a slight drop in orders.

8) The low profit margins (be reflected) in last year's figures.

9) We (receive) two big orders so far this quarter.

DISCUSSION

1. Discuss the conditions of a contract which make it legal.

2. In what situations a business owner should consult a lawyer?

3. Express your opinion on the problem “Controlling legal forms of business organizations through corporate laws is generally accepted everywhere”.