Legal English
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Communication
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Module exam: Contracts and Agreements
16 questions · pass mark 70%
1. What does "recitals" mean?
The legal ability to enter into a contract.
Introductory statements explaining the background of a contract.
Free agreement of the parties.
2. Which term matches: "The clauses that create rights and obligations."
consent
boilerplate
operative clauses
3. Who is 'the Provider'?
The lawyer
Tropical Tech S.A.
Code Rica S.R.L.
4. A minor generally lacks full ___ to contract.
capacitation
capability
capacity
5. What does "term" mean?
Ending a contract without needing a reason.
Ending a contract because of the other party's breach.
The duration of a contract (also: a word or condition).
6. Which term matches: "A serious breach that defeats the purpose of the contract."
cure period
termination for cause
material breach
7. How much notice is needed to terminate for convenience?
15 days
None
60 days
8. Either party may terminate for ___ with 30 days' notice.
convenient
conveniently
convenience
9. What does "warranty" mean?
To compensate someone for loss or damage.
A contractual assurance that something is true or will perform.
A maximum limit.
10. Which term matches: "Indirect loss, such as lost profits."
wilful misconduct
consequential loss
to indemnify
11. What is the liability cap?
Fees paid in the preceding twelve months
Unlimited
One month's fees
12. Liability is ___ at US$50,000.
capped
covered up
capital
13. What does "governing law" mean?
The law chosen to interpret the contract.
A private process where an arbitrator issues a binding award.
The authority of a court to hear a case.
14. Which term matches: "A voluntary process where a neutral helps parties reach agreement."
mediation
jurisdiction
award
15. What is the first step in a dispute?
Good-faith negotiation for 30 days
Litigation
Arbitration
16. The arbitral ___ is final and binding.
ruling court
award
reward
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