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14. Answer the following questions.

1. What does “breach of contract” mean?

2. What may such a failure provoke?

3. What may occur if just one person violates the contract?

4. What does ”specific performance” mean?

5. In what case is monetary settlement awarded to a person?

6. What does discharge of obligation mean?

7. How do you understand “renunciation”?

8. What rights does the aggrieved party have in case of contract breach?

9. When a contract is only partially performed can the plaintiff be made to accept part performance only?

15. Give English equivalents to the following Russian ones.

1) отказ от права, отречение

2) выполнять свою часть обязательств

3) нарушение договора

4) нет намерения выполнять свои обязательства

5) отказаться от предмета соглашения

6) честный отказ одной стороны выполнять обязательства

7) пострадавшая сторона имеет различные права на действия

8) обратиться в суд за возмещением убытков

9) обратиться в суд за “особым исполнением”

10) представлять претензии по поводу налогов

11) принять частичное исполнение

12) принять прямо или косвенно

13) предъявить претензию по поводу справедливого вознаграждения за выполненную работу

16. Insert prepositions where necessary.

1. The breach … contract means that one party fails to follow the terms … the contract.

2. An aggrieved party may ask a court to award financial compensation … the loss brought about … the breach.

3. The person who violates … the contract may be required to live … … the agreement if no money damages would be adequate.

4. Damages is the monetary settlement awarded … a person who is injured … a breach … contract.

5. If I fail to live… … a contract, you can sue me …damages, usually the amount you would lose … my non-performance.

6. If we had a legally binding contract … me to sing …your wedding, for example, and I failed to come, you could sue me … the cost … a new singer.

7. If I fail to live … …my end … a contract, you could agree to drop the matter, and then you would not have to live … … your agreement, either.

8. The failure … one party to a contract to perform his part constitutes breach … that contract.

9. Whatever form the breach takes, the aggrieved party has various rights … action.

10. He may sue … damages or may apply … the court … specific performance.

11. For instance, someone supplying the wrong quantity … goods can claim payment … proportion, if the purchaser does not decide to refuse delivery altogether.

12. In fact, it is always best to have a contract … writing.

17. Make a summary of the text.

18. Match the words (ah) to their definitions (18)

1. The terms stipulated in the contract.

2. When you don’t deliver the goods on time you must pay.

3. If there is a problem the two parties must go to court to…

4. A first rough and not finalized contract.

5. Contract with fixed time conditions, but quantities and time are variable.

6. The act of breaking a contract.

7. To ask for money back.

8. The two partners in the contract or agreement.

a) parties

e) draft

b) reclaim

f) arbitration

c) skeleton

g) conditions

d) breach

h) penalty