I. Complete the following sentences with HERE/THERE/WHERE + Preposition,
OTHERWISE and THE SAME. 1. The Seller hereby warrants that the goods meet the quality standard and are free from all defects. 2. During the performance of this Contract, if any disputes, conflicts or discrepancies arise, which prove impossible by amicable settlement, the same shall be referred to Arbitration. 3. IN WITNESS WHEREOF: the parties hereto have executed this Agreement the day and year first above written. 4. In the event of accident whereby loss or damage may result in a claim under this Policy, immediate notice applying for survey must be given to the Principal by the Agent . 5. “Contract” means this Contract, its preamble and appendices, as well as all documents expressly listed as Contract documents or otherwise expressly mentioned in this Contract. 6. Whereas Party B has desires to cooperate with Party B in production of handicrafts. 7. The Goods and all the accessories of the Goods and/or any spare parts in connection therewith must be in strict conformity with the provisions of the Contract. 8. If there is any conflict or discrepancy between the Contract and any documents hereof, then the provisions of the Contract shall prevail. 9. In the event of Force Majeure, the Seller shall advise the Buyer without delay with the reasons therefor. 10. In the event of a lawsuit by a third party, the party against whom the lawsuit is brought shall bear all legal fees arising therefrom.
II. Fill in each gap one most suitable word
1. No contract is complete. When the contract does not answer the question, the answer lies in the applicable law. 2. A judge or an arbitrator often consider the meaning of a term on the principle that normal words in a contract keep their normal meanings and technical words keep their trade usage. 3. An offer must be communicated, seriously ______________, which means, it must be clear and understandable to the buyer. 4. If goods or services simply cannot be delivered, the contract is discharged by reason of impossibility 5. If some terms used in a contract are not clear, an arbitrator or a judge will look back the precedents to find definitions expressed or merits in different judgments. 6. If the parties do not agree an applicable law, the arbitrator/judge decides on one by looking at the procedural rules, the place of execution, the language, the currency, the weights and measures specified in the contract, and so on. 7. Parties should agree an applicable law before drafting a contract. Without a defined applicable law, the parties may write stringent provisions. 8. The “Entire Agreement” clause indicates the entire agreement between the parties replacing all outside agreements. 9. Due to the different regulations of national laws, the parties should agree that the arbitral award is binding and rule out further remedies. 10. Speculative damages are claimed on the basis of the hopeful expectations of the complaining party, not on furnishing proof of loss.
III. Choose the best answer
1. There are three basic sources to govern the life of a contract, namely the private law, public law and _____ A. decree B. order C. circular D. constitution 2. The purpose of the system of laws of a country is to provide order, stability, and_____________ A. integrity B. justice C. equity D. merit 3. _____________law regulates the rights of individual citizens among themselves. For example, it controls contracts of sale, employment contracts or looks at the behavior or citizens toward each other. A. Trade B. Private C. Contract D. Business 4. _____________law is one branch of private law, which looks at the agreement citizens or companies which make with each other. A. Public B. Applicable C. Contract D. Business 5. Most rights and duties under the private law are _____________; the parties can agree to set them aside. A. agreeable B. enforceable C. alternative D. disposive 6. A contract is an agreement _____________ at law: both sides can ask a court to enforce their rights. When the parties sign a contract, they are legally bound by their promises. A. enforceable B. agreeable C. controlled D. imposed 7. The “Continental” Law derives from a code developed by Roman Emperor Justinian, it is called Roman Law or more commonly the _____________law. A. Civil B. Equity C. Common D. Case 8. The essence of “continental” law is _____________ A. uniformity B. codification C. regularity D. predictability 9. Anglo-American Private law remains largely case-law, cases decide on its _____________ A. merits B. equity C. virtue D. probity 10. Because of the _____________ feature, a contract under the American system should be long and detailed. A. discrepancy B. uniformity C. unpredictability D. inconsistency