600 TỪ VỰNG TOEIC * LESSON 1: Contracts * Toeic Vocabulary * Toeic cho người mới bắt đầu
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600 TỪ VỰNG TOEIC * LESSON 1: Contracts * Toeic Vocabulary * Toeic cho người mới bắt đầu

Mun English

5 chapters7 takeaways12 key terms5 questions

Overview

This video introduces essential vocabulary for understanding contracts, focusing on terms related to agreements, obligations, and resolutions. It breaks down contract-related language through examples from different parts of a TOEIC listening test, including photo descriptions, question-response scenarios, short conversations, and talks. The goal is to equip beginners with the foundational vocabulary needed to comprehend contract discussions in English.

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Chapters

  • The lesson focuses on common English words used in contracts.
  • Key terms include 'abide,' 'agreement,' 'assurance,' 'resolution,' 'engagement,' 'establish,' 'obligate,' 'party,' 'provision,' and 'specific.'
  • This vocabulary is crucial for understanding business and legal contexts, particularly in TOEIC exams.
Understanding these core terms is the first step to comprehending contractual obligations and rights, which is essential in many professional settings.
The video lists words like 'abide,' 'agreement,' 'assurance,' 'can soltion,' 'determine,' 'engagement,' 'establish,' 'obligate,' 'party,' 'provision,' and 'resolve' as foundational contract vocabulary.
  • In Part 1, you'll see a picture and choose the best description.
  • The example shows a picture where 'the men are signing an agreement' as the correct description.
  • This tests your ability to visually associate actions with contract-related terms.
This section demonstrates how contract-related vocabulary appears in visual contexts, helping you connect words to real-world scenarios.
For picture number one, the correct description is 'B the men are signing an agreement.'
  • Part 2 involves listening to a question and selecting the most appropriate response.
  • The word 'engaged' can refer to being busy or being in a committed relationship (fiancé).
  • The example question 'you were engaged when you bought the car right?' tests the understanding of 'engaged' in different contexts.
  • Correct responses differentiate between being busy ('we bought the car in March') and personal relationships ('no my fiance can't drive').
This part highlights how a single word can have multiple meanings, requiring careful listening to choose the correct contextual response.
In response to 'you were engaged when you bought the car right?', option 'C we bought the car in March' is presented as a correct answer, implying 'engaged' referred to a time period, not a relationship status.
  • Part 3 uses short conversations to test comprehension.
  • The conversation revolves around resolving difficulties with a computer company overcharging for services.
  • Key terms used include 'resolve,' 'difficulties,' 'assured,' 'correct,' 'cancel,' 'provider,' 'agreement,' 'contract,' and 'provision.'
  • The speakers discuss being charged for unprovided services and the obligation to fulfill a one-year contract.
This section shows how contract terms and the need for resolution play out in everyday business disputes.
The conversation centers on a dispute where a computer company 'keep charging us for extra services that they haven't provided,' and the speakers are trying to 'resolve our difficulties.'
  • Part 4 involves listening to a longer talk or monologue.
  • The talk explains a specific 'provision' in a contract regarding cancellation.
  • It details the 'obligation' of a 'party' to 'inform' the other immediately if they decide to 'cancel' the 'contract.'
  • A potential amendment is discussed: requiring 30 days' notice prior to cancellation.
  • The speaker mentions having an assistant prepare the 'agreement' for signing.
This section directly addresses the legal language and procedures within contracts, emphasizing the importance of understanding cancellation clauses and notice periods.
The 'last provision in the contract states that if either party determines it is in his best interest to cancel the contract he is obligated to inform the other immediately of his intention.'

Key takeaways

  1. 1Contract vocabulary is essential for understanding business and legal agreements.
  2. 2Words like 'resolve,' 'agreement,' and 'provision' have specific meanings in contractual contexts.
  3. 3Pay attention to the nuances of words that have multiple meanings, like 'engaged.'
  4. 4Contracts often contain specific clauses ('provisions') detailing obligations and procedures, such as cancellation notice periods.
  5. 5Understanding these terms helps in navigating business disputes and formal agreements.
  6. 6The TOEIC test uses these terms across different sections to assess comprehension.
  7. 7Always look for the most appropriate response based on the full context provided.

Key terms

AbideAgreementAssuranceResolveEngagementEstablishObligatePartyProvisionContractFiancéProvider

Test your understanding

  1. 1What is the primary purpose of the vocabulary introduced in this lesson?
  2. 2How does the meaning of 'engaged' differ in the context of buying a car versus a personal relationship?
  3. 3Why is it important to understand the 'provisions' within a contract?
  4. 4Explain the obligation a 'party' has according to the contract provision discussed in Part 4.
  5. 5How can understanding contract terms help you in a business dispute?

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