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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
In 1997, the Third Commission began to prepare rules on subjects which are common to contracts, torts and unjust enrichment, such as plurality of creditors and debtors, and ..... of debts and claims.
advisement
alignment
arrangement
assignment
The Members have not been representatives of specific political or governmental ....., and they have all pursued the same objective, to draft the most appropriate contract rules for Europe.
interests
liaisons
platforms
wings
The Council and the Commission of the EU have been invited to prepare new procedural legislation in ..... border cases, in particular on those elements which are instrumental to a smooth judicial co-operation.
beyond
both
cross
over
In the nineteenth century, also known as the classical age of English contract law and the ..... of laissez-faire economic theory, common law rejected the moral theory of Lord Mansfield, which held that promises are a moral obligation.
eloquence
epitome
heyday
highlight
Torts are civil wrongs recognized by law as ..... for a lawsuit.
appropriate
evidence
foundation
grounds
Products containing ..... defects that cause harm to a consumer of the product, or someone to whom the product was loaned, given, etc., are the subjects of products liability suits.
ingrained
inherent
instinctive
internal
While the product might ..... its purpose well, it can be unreasonably dangerous to use due to a design defect.
serve
state
suite
supply
Defects in marketing deal with improper instructions and failures to warn consumers of ..... dangers in the product.
latent
later
unlabeled
unlisted
Translated to products liability terms, a defendant is ..... when it is shown that the product is defective.
alleged
guilty
illegal
liable
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