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Business Vocabulary
Corporate law
The efforts and money which it will cost to unify the private law will be ..... repaid when it is there.
a
amply
b
annually
c
entirely
d
mainly
The common law of agency is the body of law applicable to ..... relationships in which one person (the agent) consents to act on behalf of another person (the principal) and subject to that person's control.
collateral
collegial
conducive
consensual
Agency is a common-law subject of wide ..... that intersects with a number of other subjects.
scale
scope
sense
series
Despite the fact that specific rules concerning certain of those agency relationships have evolved, there remains a ..... law of agency with substantial application across diverse legal contexts.
free-standing
free-wheeling
long-awaited
long-lasting
The law provides remedies if a promise is ..... and recognizes the performance of a promise as a duty.
bent
bestowed
betrayed
breached
The Law of Contracts is usually broadly classified either as part of the Law of Obligations or as part of the system of private law (which ..... contracts, property and torts).
circumscribes
delineates
encompasses
subtends
A mortgage involves the transfer of an interest in land as security for a loan or other ......
demand
obligation
purchase
responsibility
Most states, however, follow the lien theory, under which the legal title ..... with the mortgagor.
comes
remains
stands
tends
Torts fall into three general categories: intentional torts (e.g., intentionally hitting a person); ..... torts (e.g. causing an accident by failing to obey traffic rules); and strict liability torts (e.g. liability for making and selling defective products).
neglectful
negligent
negligible
negotiable
Such issues are some of the essential elements for maintaining the viability and ..... of the procedures for international claims.
diversity
integrity
malleability
rigidity
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