Lesson 5 - Exercises

502

Lesson 5 – Exercises

Mgr. Filip Hajný, Mgr. Daniel Makovický

 NahoruExercise 1

Which word does not belong to the respective set of words? Explain your choice.

• terms express imposed implied

• loss of profit actual damages restitution material breach

• nominal damages symbolic one euro restore

• duress termination pressure undue influence

• term condition precedent subsequent

• accord breach material substantial

• valid in force effective voidable

• damage gain harm injury

• termination end commencement discharge

 NahoruExercise 2

Read the following excerpts from general terms and conditions of one company. Imagine that your client does not fully understand legal language and you have to explain these provisions in simple terms. Write down the explanation after each clause.

1. The contracting parties may agree in the contract on a deduction from the purchase price, i.e. a discount, if the Buyer pays in advance or will set up a collection order to the benefit of the Seller. In case of payment in the form of a collection order, the Buyer undertakes to secure enough funds on its account so that the collection of Seller‘s receivables may be exercised fluently and without limitation.

Explanation: