Active words and word combinations: Unit 3 business papers

Section 1

LAYOUT AND PARTS OF BUSINESS LETTERS

demise,

transmission, communication, convention,

hand written messages, expense,

badly worded,

concise,

courteous.

Section 2

TYPES OF BUSINESS LETTERS

application, vital impression, tedious repetition, marital status, to gain, to shuffle training body, voluntary work, responsibilities, referee, to bother, binders, folders

Section 3

COMMERCIAL PAPERS

commercial paper, unconditional,

written order,

promise,

to deliver,

specified amount, to comply with, deposit/ depositor, to indebt/debtor, demand instrument.

Section 1

FORMS OF BUSINESS

market economy,

sole trader, sole proprietor,

limited/ unlimited company,

to be liable for, liability, business assets, commencing trade, statutory requirements, VAT (Value Added Tax), PAYE (pay-as-you-earn),

income tax deducting, shareholders, sharing profits,

entity,

professional bodies, statutory and financial control,

pension provision, financial flexibility, expansion.

Section 2

GENERAL NOTES ON CONTRACTS

to seek a remedy, breach of contract, contracting parties, inducement, tangible property, to incur legal duties, consideration, subject matter, to seek a remedy, unilateral / bilateral, valid, voidable, void, express/ implied/ quasi contracts, formal/ simple contracts, executed/ executory contracts.

Section 3

BUSINESS CONTRACTS

merchantable quality, misrepresentation, standard contracts, to be altered and supplemented, standard clauses and conditions, to be part and parcel, legal title, sale and purchase, specific commodities, bulk cargo, stipulation, permitted quantity tolerance, firm / fixed /sliding prices, to be stipulated in the Specifications, Warranties and Claims, breakage and leakage, Force Majeure, to conform to the requirements, to be final and binding, to be considered null and void.