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Contracts and agreements

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 47

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A contract is a binding agreement that is reached between two individuals or parties.

Correct answer: (c) binding

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501 Business English Exercises — Printable, photocopiable.
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A contract between an individual and his or her employer is for the services s/he will provide in exchange for getting paid.

Correct answer: (a) paid

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Signing a rental agreement to live in an apartment for one year is a kind of contract.

Correct answer: (c) Signing

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meaning of dispense, remember, broadcast, destroy, receive, boost

The tenant promises to pay a certain amount of rent, and in return, the realty agent promises to supply the accommodation.

Correct answer: (b) certain

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A customer enters into a contract each time s/he makes a purchase.

Correct answer: (d) enters

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A contract is initiated when a person makes an offer to buy something and the seller accepts his or her offer.

Correct answer: (c) accepts

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In order for a contract to be completed, something of value needs to be exchanged.

Correct answer: (b) value

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A contract has been created when both the buyer and the seller have agreed that there will be some kind of consideration.

Correct answer: (a) consideration

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Any contract that is made to buy or sell something that is illegal is not enforceable under law.

Correct answer: (c) illegal

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A contract is required to be made by those who are legally capable, a condition called capacity.

Correct answer: (b) capacity

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Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys). Get your unique Business English Practice Exercises now!

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