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Business English Exercises
 

Business Law

Answers to test questions and links to explanations

Home > Teaching Business English > Business English Lessons, Advanced Level # 89
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business law answer 1
The Commission on European Contract Law recognizes that throughout Europe there is great interest in developing a common European civil and commercial law.

Correct answer: (a) civil

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business law answer 2
The efforts and money which it will cost to unify the private law will be amply repaid when it is there.

Correct answer: (a) amply

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business law answer 3
In 1997, the Third Commission began to prepare rules on subjects which are common to contracts, torts and unjust enrichment, such as plurality of creditors and debtors, and assignment of debts and claims.

Correct answer: (d) assignment

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business law answer 4
With a few exceptions the members of the Commission of European Contract Law have been academics, but many of the academics are also practicing lawyers.

Correct answer: (c) practicing

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business law answer 5
The Members have not been representatives of specific political or governmental interests, and they have all pursued the same objective, to draft the most appropriate contract rules for Europe.

Correct answer: (a) interests

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business law answer 6
The Principles may be compared with the American Restatement of the Law of Contract, which consists of non-binding rules, or "soft law".

Correct answer: (d) soft law

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business law answer 7
Some of the Principles of European Contract Law reflect ideas which have not yet materialised in the law of any state.

Correct answer: (c) materialised

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business law answer 8
The Commission has made an effort to deal with those issues in contract which face business life of today and which may advance the trade.

Correct answer: (b) advance

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business law answer 9
The Council and the Commission of the EU have been invited to prepare new procedural legislation in cross border cases, in particular on those elements which are instrumental to a smooth judicial co-operation.

Correct answer: (c) cross

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business law answer 10
It is envisaged that the general principles of the law of contracts provided in the PECL will be integrated in what may eventually become a European Civil Code.

Correct answer: (c) integrated

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