Advanced Legal English Test

Write the English equivalent of "alapszabály (UK)".

Choose the correct word to complete the gap.

The rights and priority of a particular _________ usually depend in part on the reason for which the debt is owed, and the terms of any writing memorializing the debt.

Write the English equivalent of "alaptőke".

Choose the correct word to complete the gap.

Forming a limited company is a well regulated process. One of the steps is asking the members to _____.

Write the English equivalent of "Kft. vagy Rt. létesítő okirata – társasági szerződés, alapító okirat, alapszabály (UK)".

Is the following sentence correct?

The general partner of a limited partnership can be a single individual who runs the business, or it may be a separate company that holds the position of general partner in the company.

Choose the correct word to compete the gap.

Spouses are sometimes required to sign the __________ because it requires that all spouses give up their right to inherit an ownership interest if their partner/spouse leaves the partnership.

Write the English equivalent of "közjegyző".

Is the following sentence correct?

A non-breaching party can choose a remedy to be claimed from the breaching party, such as damage; restitution of money and property that was transferred by mistake or fraud; or rescission.

Write the English equivalent of "cégbíró".

Is the following sentence correct?

Although the contracting parties expressly agreed on damage, the court held that the amount was excessive, should be regarded as a punitive damages clause, which is void under the Hungarian law.

Write the English equivalent of "elsőbbségi részvény (UK)".

Is the following sentence correct?

Damages may be awarded for emotional injury.

Write the English equivalent of "értesít”.

Write the English equivalent of " megtagadja a szerződés teljesítését jogszerű ok nélkül”.

Choose the correct word to complete the gap.

There may be occasions where the tenant would wish to withhold part of the rent in return for the fee they had to pay for repair works instead of the landlord, if the contract prpovides for a __________.

Write the English equivalent of "cégbíróság".

Choose the correct word to complete the gap.

If a borrower fails to make the necessary payments, the lending institution can repossess the _________ to cover the remainder of the loan.

Write the English equivalent of " a jog megszűnt, “kimerült”.

Choose the correct word to complete the gap.

If one of the contracting parties does not perform the contract in due time, the contracting party _________ on their obligations.

Write the English equivalent of "székhely".

Choose the correct word(s) to complete the gap.

It's been six years since the contracting parties entered into the distribution agreement, during which period of time, several circumstances and facts have changed, so the parties decided to _________ the agreement.

Write the English equivalent of "szerződésen kívüli károkozó magatartás".

Choose the correct word(s) to complete the gap.

A debt assumption involves two simultaneous transactions; the first transaction cancels the original debtor’s obligation, and the second transaction creates a new debt contract between the creditor and the new debtor, i.e. the _________.

Write the English equivalent of "jegyzett tőke".

Choose the correct word(s) to complete the gap.

The payment schedule in draft Appendix 1 which included some mistakes concerning certain deadlines was immediately _________ after the mistakes were discovered.

Choose the correct word(s).

__________ 1 to the Construction Agreement shall contain all the floor plans, site plans and cross sections as well.

Write the English equivalent of "értékpapír".

Choose the correct word(s).

__________ 1-12 attached to the present Lease Agreement constitute an integral part thereof.

Is the following statement true or false?

An attachment is an integral part of a contract.

Choose the correct word(s) to complete the gap.

The law will ________ employers to provide health insurance.

Choose the correct word(s) to complete the gap.

The lease agreement __________ that the tenant is responsible for all repairs.

Write the English equivalent of "egyszemélyes kft."

Choose the correct word(s) to complete the gap.

The Sale of Goods Agreement  ___________ that it is the duty of the seller to deliver the goods.

Complete the gap with on condition that, provided, in the event that, in the event of, should, subject to or unless. (USE CAPITAL LETTERS)

__________ any earlier termination under clause 9.9, this contract shall continue in force until the 180th day of the Commencement Date when it shall terminate automatically by expiry.

Choose the correct preposition.

The Seller and the Buyer  agreed to deposit the sum of HUF 2,000,0000 __________ escrow with the Buyer's attorney.

Choose the correct expression to complete the gap.

The court’s decision was handed down __________ the new law coming into force.

Complete the gap with on condition that, provided, in the event that, in the event of, should, subject to or unless. (USE CAPITAL LETTERS)

________ substantial revision being necessary to the manuscripts, we reserve the right to revise this royalty figure.

Choose the correct expression to complete the gap.

IN WITNESS WHEREOF, this Agreement has been executed by the parties _________ the date first above written.

Complete the sentence with by reason of, by virtue of, by way of, due, due to or duly.

_________ the fact that the service provided by the Contractor shall be performed in person, the Contractor shall subcontract any of its obligations hereunder with the written authorization of the Customer.

Is the following sentence correct?

The construction agreement shall come into force as of June 15, 2012, as per the following terms and conditions.

Complete the sentence with shall, may, have to, must or need. (Use CAPITAL LETTERS)
In a contract clause: 'The Lessor __________ not make any further claims against the Lessee after the handover.'

Choose the correct word to complete the gap.

The use of the __________ abbreviation after the name of a company is mandatory and communicates to investors and to anyone dealing with the company that it is a publicly listed company.

Choose the correct preposition.

The Seller and the Buyer agreed to deposit the sum of HUF 2,000,0000 into escrow _________ the Buyer's attorney.

Is the following sentence true or false?

A listing on a public stock exchange attracts interest from hedge funds, mutual funds, and professional traders as well as individual investors, which tends to lead to increased access to capital for investment in the company than a private limited company can amass. 

Please explain the difference between "signing a document" and "executing a document".

Identify the clause.

Other than the matters provided in Sections 5.3 and 6.4 hereof, in the event Purchaser materially breaches this Agreement, Seller, as its sole and exclusive remedy at law in equity or otherwise, shall be entitled to terminate this Agreement and recover the Earnest Money as liquidated damages and not as penalty, in full and complete satisfaction of any and all claims against Purchaser arising in any manner whatsoever from this Agreement or the transaction contemplated in this Agreement. Seller and Purchaser agree that the Seller's damages resulting from Purchaser's default are difficult, if not impossible, to determine and the Earnest Money is a fair and reasonable estimate of those damages which has been agreed to in an effort to cause the amount of said damages to be certain.

Read the sentence below and identify which of the four sections contains an error.

The parties agree that the rescission of this contract shall have a retroactively effect to the point at which the contract is frustrated, nullifying all prior rights and obligations as if the contract had never existed.

Choose the correct word to complete the gap.

Consumers are entitled to non-monetary compensation such as repair, replacement, ________ or rescission for damages caused by a defect in goods purchased.

A retention of title clause will usually give the seller the right to enter __________ the debtor’s premises and take __________ goods that have been delivered but not paid __________.