16. Relative clauses Punctuation

In the examples below underline the relative clauses and punctuate the sentences.

1. Any agreement entered into by a company which is outside its capacity is void and cannot be enforced against the other party.

2. LLP permits two or more people to combine to carry on business in partnership but gives them the benefit which normal partnership does not of limiting their liability to creditors.

3. A limited liability company is a company where each shareholder is responsible for repaying the company's debts only to the face value of the shares he or she owns.

4. The process whereby a public corporation becomes a public company is known as privatisation.

5. The privatisation programme that has been in operation in the UK since the 1980s has reduced the number of public corporations as their functions have been taken over by public companies.

6. Normally a public corporation is established by an Act of Parliament which lays out its powers a notable exception is the BBC which was established by Royal Charter.

7. Debenture is a document whereby a company acknowledges it owes a debt and gives the company’s assets as security.

8. The notification requirement has now been removed which means that the vast majority of firms have been freed from the burden of notifying the OFT of harmless insignificant agreements.

17. Name the crime 4 Lexis

a) First, match the crimes in the box to their definitions below and write the names in the spaces provided. The first one has been done for you. Then underline the key words in each definition

and give examples from real life, films or fiction.

forgery; corruption; pyramid scheme; false accounting; phishing; money-laundering; fraud; insider trading/dealing; conspiracy to defraud; embezzlement

1. fraud gaining money or some other material advantage by deception

2.__________ a secret plan made by two or more people to commit fraud, theft

or obtain property by deception

3.__________ taking advantage of privileged price-sensitive information in order

to buy or sell shares at a profit

4.__________ putting money that has been obtained illegally into legal

businesses or bank accounts in different countries so that it cannot be traced

5.__________ giving or offering to someone with power a reward to make sure that something is done; receiving or soliciting such a reward

6.__________ making an illegal copy of a banknote or document so that it may

be accepted as genuine, thereby causing harm to others

7.__________ a form of theft that consists in dishonestly appropriating money or

property given to someone on behalf of his employer

8.__________ tricking people into making a small investment and using this

money to pay the interest on the deposits made by earlier investors

9.__________ the practice of using fraudulent e-mails to lure computer users to

copies of legitimate websites to extract financial data for the purposes of identity theft

10._________ dishonestly falsifying, destroying or hiding any account or

document used in accounting for the purpose of gain or causing loss to another

b) Working with a partner, test each other on the knowledge of the terms and definitions.