What is 'Arbitration' in a contract?

A method of settling disputes outside of court

What does 'Confidentiality' mean in a contract?

A situation where certain information must be kept secret

What does 'Default' mean in a contract?

The failure to fulfill an obligation in a contract

What is 'Force Majeure' in a contract?

An unforeseen event preventing someone from fulfilling a contract

What does 'Obligation' refer to in a contract?

A duty or responsibility as per agreement

What does 'Null and Void' mean in a contract?

A contract is invalid or legally unenforceable

What is a 'Breach of contract'?

An infringement of a contract's terms

What is an 'Amendment' in a contract?

A change or the process of changing the words in a text

What is 'Termination' in a contract?

The action of bringing a contract to an end

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Business English: Understanding and Writing Business Contracts

11 termsStudBud Administration70 plays

With this interactive Quiz!, learn how to engage in the world of Business English. This educational resource, designed for students, parents, and educators, equips you with essential language skills for navigating the intricate world of business contracts. Familiarize yourself with contract terminology.. #ContractLanguageSkills #BusinessContractsTerminology #EffectiveBusinessCommunication

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Questions 11

Answers

1
What is 'Arbitration' in a contract?
A business strategy
A method of settling disputes outside of court
A method to calculate taxes
A company's balance sheet
2
What is a 'Covenant' in a contract?
A strategy to increase sales
A promise in a contract
A company's balance sheet
A method to calculate taxes
3
What does 'Confidentiality' mean in a contract?
A company's balance sheet
A strategy to increase sales
A business strategy
A situation where certain information must be kept secret
4
What does 'Default' mean in a contract?
The failure to fulfill an obligation in a contract
A strategy to increase sales
A business strategy
A company's balance sheet
5
What is 'Force Majeure' in a contract?
An unforeseen event preventing someone from fulfilling a contract
A method to calculate taxes
A business strategy
A company's balance sheet
6
What does 'Obligation' refer to in a contract?
A business strategy
A company's balance sheet
A method to calculate taxes
A duty or responsibility as per agreement
7
What does 'Null and Void' mean in a contract?
A contract is invalid or legally unenforceable
A method to calculate taxes
A company's balance sheet
A business strategy
8
What is a 'Breach of contract'?
A strategy to increase sales
A company's balance sheet
A marketing plan
An infringement of a contract's terms
9
What is an 'Amendment' in a contract?
A strategy to increase sales
A business strategy
A method to calculate taxes
A change or the process of changing the words in a text
10
What is 'Termination' in a contract?
A method to calculate taxes
A strategy to increase sales
A company's balance sheet
The action of bringing a contract to an end
11
What does 'Contract' mean?
A company's balance sheet
A written or spoken agreement
A business strategy
A marketing plan

Business English: Understanding and Writing Business Contracts Flashcards | StudBud

Business English: Understanding and Writing Business Contracts

11 termsStudBud Administration70 plays

Flashcards11 cardsFPractice quizPHost liveL

Questions 11

Answers

1
What is 'Arbitration' in a contract?
A business strategy
A method of settling disputes outside of court
A method to calculate taxes
A company's balance sheet
2
What is a 'Covenant' in a contract?
A strategy to increase sales
A promise in a contract
A company's balance sheet
A method to calculate taxes
3
What does 'Confidentiality' mean in a contract?
A company's balance sheet
A strategy to increase sales
A business strategy
A situation where certain information must be kept secret
4
What does 'Default' mean in a contract?
The failure to fulfill an obligation in a contract
A strategy to increase sales
A business strategy
A company's balance sheet
5
What is 'Force Majeure' in a contract?
An unforeseen event preventing someone from fulfilling a contract
A method to calculate taxes
A business strategy
A company's balance sheet
6
What does 'Obligation' refer to in a contract?
A business strategy
A company's balance sheet
A method to calculate taxes
A duty or responsibility as per agreement
7
What does 'Null and Void' mean in a contract?
A contract is invalid or legally unenforceable
A method to calculate taxes
A company's balance sheet
A business strategy
8
What is a 'Breach of contract'?
A strategy to increase sales
A company's balance sheet
A marketing plan
An infringement of a contract's terms
9
What is an 'Amendment' in a contract?
A strategy to increase sales
A business strategy
A method to calculate taxes
A change or the process of changing the words in a text
10
What is 'Termination' in a contract?
A method to calculate taxes
A strategy to increase sales
A company's balance sheet
The action of bringing a contract to an end
11
What does 'Contract' mean?
A company's balance sheet
A written or spoken agreement
A business strategy
A marketing plan