Vocabulary --> General Business --> Contracts --> Word to practice


Listen to the talk. Then read each question and choose the best answer:

Script:
The last provision in the contract states that if either party determines it is in his best interest to cancel the contract, he is obligated to inform the other immediately of his intention. If you both agree, we can specify that the canceling party must communicate his intent at least thirty days prior to cancellation. All the rest seems to be in order. I can have my assistant write up the agreement and have it ready for the two of you to sign at the end of the week.

1. Who is talking?
A. A secretary.
B. An upset signer of the contract.
C. A lawyer.
D. Someone who has canceled his agreement.
2. When can the parties sign the contract?
A. In two days.
B. At the end of the week.
C. Next week.
D. In thirty days.
3. Which part of the contract are they looking at?
A. A cancellation clause.
B. A provision in case of bankruptcy.
C. The assurance of quality.
D. The agreement on payment.
Score: 0/10
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