Sales Contracts Test

Write the English equivalent of INGATLAN ADÁSVÉTELI SZERZŐDÉS  (use CAPITAL LETTERS)

Write the English equivalent of FORGALMAZÁSI MEGÁLLAPODÁS (use CAPITAL LETTERS)

If a buyer using a __________ fails to make the required payments, the company sponsoring the purchase can repossess the item.

Write the English equivalent of INGÓ ADÁSVÉTELI SZERZŐDÉS (use CAPITAL LETTERS)

Write the English equivalent of LETÉTTI SZERZŐDÉS (use CAPITAL LETTERS)

Choose the correct words to complete the gap.

Once the condition has been met, the lawyer, (__________________), who held in custody the thing, will deliver the money to the seller as prescribed by the ____________________.

Choose the correct word or expression to complete the gap.

Under a ________________, the buyer is leasing the goods and does not obtain ownership until the full amount of the contract is paid.

Choose the correct word or expression to complete the gap.

________________ types vary because each transaction has a specific intended use. They can vary by length of time, by how interest rates are calculated, by when instalments and repayment are due and by a number of other variables.

Choose the correct word or expression to complete the gap. 

______________ come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex transactions like a mortgage.

Choose the correct words or expressions to complete the gaps.

______________ are similar to ___________ in that a person commits themselves to paying a debt instead of the original debtor provided the original debtor fails to do so.

Choose the correct word or expression to complete the gap. 

A ___________ is a legal agreement that obliges a buyer to buy and a seller to sell a real property as a way of finalising the interests of both parties before closing the deal.

Choose the correct word or expression to complete the gap. 

If a buyer using a ___________ fails to make the required payments or instalments, the company sponsoring the purchase can repossess the item.

Write the English equivalent of KÖLCSÖNSZERZŐDÉS / HITELSZERZŐDÉS (use CAPITAL LETTERS)

Write the English equivalent of JELZÁLOGSZERZŐDÉS (use CAPITAL LETTERS)

Choose the correct word or expression to complete the gap.

A  ______________  agreement serves as a basis for a real property transaction to take place, providing a framework of how the transaction will proceed, what is included in the transaction, and, if necessary, what is excluded from the sale.

Choose the correct word or expression to complete the gap. 

A ______________ is an agreement whereby the seller transfers or agrees to transfer the property in goods to the buyer for a money consideration, called the price.

Choose the correct words or expressions to complete the gaps. 

______________ are frequently used in real estate transactions. Attorneys-at-law routinely act as ______________ so the buyer can perform due diligence, such as an inspection, on his potential acquisition while assuring the seller of his capacity to close on the purchase.

Choose the correct words or expressions to complete the gaps. 

____________ may derogate from law only to the benefit of the _____________ unless a collective bargaining agreement is applicable.

Choose the correct word or expression to complete the gap.

The subject matter of a(an) _______________ must be goods, i.e every kind of movable property. 

Choose the correct words or expressions to complete the gaps.

Traditionally, a distinction was made between a (n) ______________ and a(an)  ________________. Many jurisdictions have abolished this distinction, in effect putting the  ______________ in the position of the ________________.

Choose the correct word expression to complete ALL THREE gaps.

The primary difference between a loan agreement and a(n) __________ agreement is that the  ___________ agreement is secured, because real property is being used as collateral and the ___________ will be registered on title to your home.

Write the English equivalent of ÁRUHITEL SZERZŐDÉS (use CAPITAL LETTERS)

HIRE-PURCHASE AGREEMENT

Choose the correct word or expression to complete both gaps.

In an exclusive _______________, the specified distributor will be the sole distributor with the right to sell the product within a particular geographic region or within multiple regions. If the _______________ is non-exclusive, the manufacturer or vendor may supply other distributors. 

Choose the correct word or expression to complete the gap.

A(n) ________________ becomes effective when the lien is registered in the land register.

Choose the correct word or expression to complete the gap. 

The ____________ is a contract whereby one party pays benefits to the other party or on their behalf to a third party if certain defined events (losses, injuries or death) occur.