3. Questions.

1. How does Competition law protect the interests of the consumer?

2. What are the main duties of the Director General of Fair Trading (DG)?

3. How does DG act to control rogue dealers?

4. How many members does the MMC consist of?

5. In what situations may the secretary of State make a merger reference to the MMC?

6. What things must be established by the plaintiff in order to make a claim under the Consumer Protection Act 1987?

7. In what case is a product considered defective?

8. What products are excluded from liability under the Consumer Protection Act?

4. Find the following sentences in the text.

1. Это вмешательство в свободный рынок – в интересах потребителя.

2. В соответствии с актом о Честной торговле, Генеральный Директор выполняет следующие обязанности.

3. Нарушение данного постановления или приказа является неуважением к суду.

4. Процедура состоит в том, что Генеральный Директор, как председатель Межведомственного комитета по слияниям, обычно может провести предварительное расследование и проинформировать Государственного Секретаря в течение четырех недель.

5. Безопасность включает риск смерти или телесного повреждения, но распространяется также на риск материального ущерба.

5. Recite the main points of the text. Unit 7. Bankruptcy

1. Words to be remembered.

estate – имущество, собственность

insolvent – несостоятельный (должник)

trustee – попечитель, доверительный собственник

undischarged – не освобожденный от долгов несостоятельный

должник

discharge – 1) исполнять, уплатить; 2) отменять

assets – средства, фонды, имущество

penalty – штраф

injury – вред, ущерб

natural person – физическое лицо

unsound – недееспособный, психически неполноценный

lodge – подавать прошение, жалобу и т.п.

supervisor – инспектор, контролер

receiver – распорядитель имуществом

pend (здесь) – ожидать

pending – в ожидании

trustee – лицо, распоряжающееся имуществом на началах

доверительной собственности

to commit offence – совершать преступление

2. Text for reading. Bankruptcy

In a bankruptcy the estate of an insolvent person passes into the control of a trustee who uses it to pay off that person’s debts. The debtor remains an undischarged bankrupt until the order is discharged. The aim is to ensure a fair distribution of the bankrupts’ assets and to prevent unfair preference of certain creditors. It also frees honest and unfortunate debtors from financial problems so that they can make a fresh start with past debts wiped out. An inquiry into the reasons for the bankruptcy may result in criminal penalties.

Persons who can be made bankrupt

Any natural person with contractual capacity is capable of being made bankrupt, including aliens who fulfil the general residence or business activity qualification. The limited contractual capacity of minors limits the possibility of their being made bankrupt. Persons of unsound mind can be made bankrupt subject to the control of the court of protection. The estates of deceased persons can be administered in bankruptcy.

The bankruptcy petition

The proceedings begin with a petition for a bankruptcy order lodged in the bankruptcy court (for debtors within the London area) or at the county court of the area where the debtor resides or carries on business if the court has bankruptcy jurisdiction. The petition may be presented by:

1. a creditor or two or more creditors jointly;

2. the supervisor or any other person bound by a voluntary scheme or composition made as part of a voluntary arrangement under the Act;

3. the official petitioner where a criminal bankruptcy order has been made against the debtor;

4. the debtor.