Deck 8: Contract Clauses: Types and Specimen Clauses

Question 1

This agreement shall be for a period of two years from the date hereof and shall thereafter be ____ for further successive periods of two years

A) renovated
B) renewed
C) carried on
D) staggered

Answer 1

B

Question 2

PROVIDED ALWAYS that the Distributor shall have achieved a level of sales to the satisfaction of the Company and also subject to the provisions for _____ hereinafter appearing.

A) canvellation
B) termination
C) repudiation
D) ending

Answer 2

B

Question 3

The English language shall be the ___ language for the purpose of interpreting this Agreement.

A) dominating
B) main
C) controlling
D) superior

Answer 3

C

Question 4

All ____ between Company and Representative shall be in the English language.

A) letters
B) written exchanges
C) correspondence
D) intercourse

Question 5

Any notice given under this Agreement shall be in writing and signed by or ____ the party giving it

A) for
B) under the auspices of
C) on behalf of
D) on the instructions of

Question 6

and may be served by leaving it or sending it by fax, prepaid recorded delivery or registered post to the address and for the attention of the relevant party set out in clause 15.2 (or as otherwise notified from time to time hereunder) Any notice so served by fax or post shall be ___ to have been received.

A) considered
B) estimated
C) assumed
D) deemed

Question 7

Neither party may ___ its rights or obligations hereunder without the prior written consent of the other party, which may not be witheld arbitrarily, nor may this agreement by assigned by operation of law.

A) assign
B) relinquish
C) pass on
D) abdicate

Question 8

Any ___ assignment in the absence of such written consent shall be void.

A) purported
B) attempted
C) alleged
D) so-called

Question 9

This agreement is the whole agreement ___ the parties

A) of
B) between
C) under
D) for

Question 10

... and ___ all previous written and oral agreements, understandings and commitments between the parties.

A) replaces
B) extinguishes
C) displaces
D) supersedes