1. Answer the following questions.

A 1) What types of business contracts do you know?

2. What is the most common form of transaction in the business world?

3) Under a contract one can acquire not only goods, but also services. May you give any examples of such contracts?

4) How may one be employed by a legal person? What types of employment contracts do you know?

5) What is an agent? What right does he have under a contract of agency?

6) Do banks provide many financial services to the commercial customers? Which of them did you use?

7) Do businesspeople risk in their business? What are they doing to minimize these risks?

8) What is the substance of a contract of insurance? Have you ever struck such contracts?

9) What does an insurance company compensate the insured person if the risk insured against does in fact occur?

10) On what terms does the owner of goods allow someone else to make use of them?

B 1) What general topics do commercial contracts usually cover?

2) What other topics can such contracts include if their subjects are machines or equipment?

3) May one consider supplements to contracts as an integral part of them?

4) In what part of contract are juridical names of the parties given?

5) In what part of contract is the type of bargain defined?

6) On what terms are the goods delivered under a contract?

7) What does the price of goods include?

8) How can payments be done under contracts?

9) Which are the main requirements for packing in which goods are to be delivered under contract?

10) What kinds of marks are indicated on the face side of each packing of goods to be delivered?

11) What do the Claims, Sanctions and Arbitration clauses regulate?

12) Why does every contract contain a Force-Majeure clause?

13) What is the final clause of a contract?

2. Insert the necessary prepositions.

1) Rossimport, Moscow, hereinafter referred ... as "Sellers" … the one part, and Messrs Jones and Carter, hereinafter referred ... as "Buyers" ... the other part, have concluded the present contract as follows:

2) The quality ... the goods sold ... the present contract shall be in full conformity ... the State standards existing ... Russia.

3) All expenses incurred ... the territory ... the Buyer... connection ... the present contract are to be paid ... the Buyer.

4) The goods sold ... this contract shall be delivered ... 5 months ... the signing ... the contract.

5) Payment... the goods to be delivered ... the present contract is to be effected ... pounds sterling ... accordance… the Trade Agreement ... the Government... Russia and Great Britain dated the 4 September, 1973 ... an irrevocable confirmed Letter of Credit to be opened ... the Buyer ... the Bank ... Foreign Trade ... Russia. Moscow ... favour... the Seller... the value of each lot... the goods to be shipped plus 10%.

6) Each package shall be provided ... marking showing the place ... destination, name ... Consignee, description ... goods, contract number, gross and net weight.

7) Claims which may arise ... regard ... the quality ... the goods as well as claims concerning the quantity ... the goods will be considered ... the Seller only if submitted within 45 days ... the date ... arrival ... the goods ... the place ... destination shown ... the Bill... Lading and in any case not later than ... 90 days ... the date ... delivery ... the goods c.i.f. London.