Task 1.

1. acceptance

2. bilateral contract

3. capacity contract 4. offerer

5. option

6. revocation

7. unenforceable contract

8. unilateral contract.

9. valid contract

10. void agreement

11. voidable contract

12. counteroffer

13. firm offer

14. legally competent

15. offer

16. offeree

a. Affirmative response necessary to transform an offer
into a contract.

b. Party to whom an offer is made.

c. Proposal to enter into a legal agreement.

d. Contract that may be avoided by only one of the par-
ties.

e. Agreement that is not enforceable by either party.

f. Response, with new terms, by offeree, which ends the
original offer.

g. Having the capacity to contract.

h. Contract to keep an offer open a specified length of
time.

i. Party who makes an offer.

j. Agreement that is legally effective

k. Underlying contract to keep an offer open.

1. Withdrawal of offer before acceptance.

m. Agreement in which both parties make promises.

n. Contract that can be nullified by one of the parties.

0. Agreement that is not enforceable by either party.

p. Agreement that is legally effective and enforceable in court.

Match the following:

Task 2.

1. promisor

2. promisee

3. consideration

4. forbearance

5. gift

6. seal

a. person who makes a promise

b. person to whom a promise is made

c. refraining from doing what one has a right to do

d. impression on a legal document identifying the sealer

e. voluntary transfer of ownership without consideration

f. what one gives and receives in a contract

Match the following:

Task 3.

1. compounding a crime

2. contract of adhesion

3. contract rate of interest

4. illegal lobbying contract

5. legal rate of interest

6. maximum rate of interest

7. restitution

8. small loan rate of interest

9. unconscionable contract

10. usury

11. wager

a. Accepting something of value for a promise not to
prosecute a suspected criminal.

b. Bet on any event, which depends upon chance or
uncertainty.

c. Charging interest on a loan beyond the legally
permitted maximum rate.

d. Higher rate of interest allowed on loans up to $300 or
$500

e. Oppressive and unfair agreement.

f. Restoring or making good (відшкодування) a loss.

g. Contract in which one party has no realistic choice as
to the terms.

h. Contract under which bribery or other improper means
are used to influence legislation.

i. Rate specified by statute when interest is called for
but no percentage is stated in the contract.

,i. Highest rate lenders of money may generally charge borrowers.

k. Rate of interest agreed upon by parties in a contract.

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Дата добавления: 2015-07-26