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Business Vocabulary
Corporate law
It is envisaged that the general principles of the law of contracts provided in the PECL will be ..... in what may eventually become a European Civil Code.
a
imagined
b
instigated
c
integrated
d
investigated
..... examples of agency relationships include those between officers and corporations, between employees and employers, and between real-estate and other specialized agents and their clients.
Parenthetical
Pragmatic
Prototypical
Proverbial
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
Courts responding to cases relating to the scandals have focused on the legal relationships among principals, agents, and ..... third parties.
affected
affective
effected
effective
The law of agency is based on the Latin ..... 'Qui facit per alium, facit per se', which means 'he who acts through another is deemed in law to do it himself'.
axiom
epigram
maxim
utterance
Adequate consideration is a benefit which a party receives which reasonably and fairly ..... them to make the promise/contract.
conduces
educes
induces
seduces
Certain promises that are not considered contracts may, in limited circumstances, be enforced if one party has relied to his ..... on the assurances of the other party.
deference
detraction
detriment
distress
Normally, a mortgage is paid in ..... that include both interest and a payment on the principle amount that was borrowed.
increments
installments
premiums
portions
Many states have ..... comprehensive products liability statutes.
contracted
enacted
exacted
protracted
The PR firm was forced to give the receptionist overtime pay, as her ..... did not include answering calls from 8 am until well after 6 pm each day!
documentation
certificate
contract
paper
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