- •1. Skim the joke and express your opinion.
- •Section b Reading and speaking
- •2. Discuss statements and quotations of well-known people. Do you agree to them or not. Express your own vision of this problem:
- •3. Read the text and decide whether these statements are true (t) or false (f).
- •Introduction to the litigation, arbitration and mediation
- •4. Learn the following words and expressions:
- •5. Read and translate the text: Text b
- •6. Work in pairs.
- •Section c Language study
- •Vocabulary
- •7. Match the English words with their Ukrainian equivalents:
- •8. Match the words with their definition:
- •13. Find the right definition:
- •14. Complete the following text about arbitration with the words from the box.
- •15. Translate the sentences into English and compare them with the text.
- •Section d Listening
- •14. You are going to hear the text about “Bankruptcy”.
- •Listening
- •Section e Scanning reading
- •18. Skim the text and give the main idea of it.
- •Types of commercial arbitration
- •Scanning reading
- •19. Scan the text in order to find answers to the following questions as quickly as possible.
- •Mediation in different countries
- •Section f Test
- •1. Skim the jokes and express your opinion.
- •Section b Reading and speaking
- •2. Discuss statements and quotations of well-known people. Do you agree to them or not. Express your own vision of this problem:
- •It is difficult to imagine going very long before making some kind of agreement enforceable by law. Whenever we buy goods and services, we enter into a contractual relationship.
- •4. Learn the following words and expressions:
- •5. Read and translate the text. Contract Law
- •Language study
- •7. Do your best to understand the meaning of the terms "transaction", "contract Law" and others. Match each term on the left with an explanation on the right.
- •8. Complete these sentences using the words in the box.
- •13. Translate the sentences into English
- •Section d Listening
- •14. You are going to hear the text about Uniform Commercial Code.
- •Listening
- •Section e Skimming reading
- •15. The text given below deals with the contract. Skim the text and answer to the following questions.
- •Contract
- •16. There are many different kinds of contract for different situations. Look at the following paragraphs, and decide what kind of contract is being described or talked about.
- •Scanning reading
- •17. Scan the text "United Nations Convention on Contracts for the International Sale of Goods” in order to find the translation of the following sentences as quickly as possible.
- •Section f Test
- •Bankruptcy
Section d Listening
14. You are going to hear the text about “Bankruptcy”.
Pre-listening task
Task 1 What do you think?
What is bankruptcy?
What can bankruptcy do for you?
What will happen to your home and car if you file bankruptcy?
Task 2 Match each word with its definition.
Terms |
Definitions |
1. administration order |
a) A director found to have conducted the affairs of an insolvent company in an 'unfit' manner may be disqualified from holding any management position in a company for between 2 and 15 years. |
2. bankrupt |
b) A written application to the court for relief or remedy. |
3. composition |
c) Someone against whom a bankruptcy order has been made. |
4. compulsory liquidation |
d) The procedure whereby the assets of a company (or partnership) are gathered in and realized, the liabilities met and the surplus, if any, distributed to members. |
5. disqualification of directors |
e) The basis on which insolvency practitioners prefer to sell a business. Effectively it means the business continues, jobs are saved, and a higher price is obtained. |
6. fraudulent trading |
f) An agreement between a debtor and his creditors whereby the creditors agree with the debtor between themselves to accept from the debtor payment of less than the amounts due to them in full satisfaction of their claim. |
7. going concern |
g) The person appointed to deal with the assets and liabilities of the company or partnership once the resolution to wind up has been passed or a compulsory winding-up order has been made. |
8. insolvent |
h) Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy. |
9. liquidator |
i) The placing of a company into liquidation as a result of an application to the court, usually by a creditor. |
10. official receiver (OR) |
j) A court order placing a company that is, or is likely to become, insolvent under the control of an administrator. |
11. petition |
k) Where a company has carried on business with intent to defraud creditors, or for any fraudulent purpose. |
12. secured creditor |
l) The state of not being able to pay one's debts as they fall due or having an excess of liabilities over assets. |
13. undischarged bankrupt |
m) The civil servant employed to head the regional offices whose responsibilities cover bankruptcies and compulsory liquidations. |
14. winding-up |
n) The first to be paid from the secured assets. |
Listening
Tapescript – T. – 7
Task 3 Listen to the text “Bankruptcy” in order to translate the following sentences:
Компанія стала банкрутом через проблеми з продажем товару.
Банкрутство влади стало зрозумілим коли зросли ціни.
Термін „банкрут” не використовується у законодавстві, натомість вживають термін „боржник”.
Task 4 Listen to the text “Bankruptcy” again and summarize its main ideas.