Exercise 6. Translate into Ukrainian. 1. binding contract; 2. offer may be revoked or withdrawn; 3

1. binding contract; 2. offer may be revoked or withdrawn; 3. promisor; 4. legal disabil-

ity; 5. no time limit is specified; 6. current price; 7. without notice; 8. offer expires; 9. fully

performed; 10. competent parties; 11. expressly limited; 12. interest in land; 13. support the

offer and acceptance; 14. contracts for the sale of land; 15. in consideration of marriage;

16. acceptance of the offer; 17. settle questions of property and rights; 18. sufficiently bind-

ing; 19. justify the promise; 20. meeting of the minds; 21. engaged couples; 22. require-

ment for a valid contract; 23. cause of action; 24. prenuptial agreements; 25. affirmative

act; 26. implied contract; 27. express contract; 28. offer specifies the manner in which it

must be accepted; 29. dispute; 30. valid and enforceable; 31. reject the offer; 32. terms of

an enforceable contract; 33. implied condition; 34. make a counteroffer; 35. original price;

36. insane person; 37. counteroffer wipes out all previous offers; 38. conditions of the con-

tract can be inferred; 39. full power to contract; 40. acceptance can be express or implied;

41. final agreement; 42. promisee; 43. in return for some benefit; 44. reduced to writing;

45. constitute adequate consideration; 46. mutuality of obligation; 47. fiduciary; 48. execu-

tor or administrator; 49. wrongful act or omission.

Exercise 7. Fill in the missing words in the text below and then translate into

Ukrainian. Use Vocabulary – 2 and Exercise 2A.

TEXT 2

There are two ways of ________ (1) consideration. Either the person making the

________ (2) (the promisor) gains some right or ________ (3) in return for her promise,

or else the person to whom the promise is ________ (4) (the promisee) gives up some

________ (5) or benefit in return for the promise. Quite often, a sale is not ________ (6)

immediately, but the property is held by a ________ (7). In this case, in return for the

buyer’s promise to ________ (8) the deposit if he does not complete the ________ (9), the

seller gives up the right to sell the property to someone else in the ________ (10).

________ (11) can be money, ________ (12), rights, services, or the promise to do (or

not to do) certain things. The promises the ________ (13) make to one another may be suf-

ficiently ________ (14) that the promises themselves constitute adequate ________ (15).

In such a case, the promises are said to have ________ (16) of obligation.

Other Requirements. A contract cannot be ________ (17) if its terms are so vague that

no one can ________ (18) what to enforce. The contract could be ________ (19) because

of any one of these uncertainties.

In order for a contract to be ________ (20), the parties to it must be ________ (21) to

make it. A person cannot make a promise he cannot ________ (22) because of some legal

or other ________ (23). An insane person is ________ (24) to make a binding agreement.

A ________ (25) under age 18 does not have full ________ (26) to contract. Such persons

are ________ (27) to enter into a binding contract. ________ (28) (incompetence) cannot

be used to gain an unfair ________ (29). If a person under disability fulfills her part of a sup

posed ________ (30), the other party cannot ________ (31) the agreement. Similarly, a

minor may not be able to repudiate a ________ (32) where there would be unfair ________

(33) to the other party.

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